If we don't go into a recession, and that is a big IF here.
The hate for SPY is crazy. 4:1 put vs call premium..
Possible rotation taking place between these two groups?
Increasing amount of puts vs call on VIX and as a result, could see the potential for a squeeze in equities.
Still in a downtrend, but the potential for a bounce here is increasing.
We are setting up for a mammoth-sized squeeze.
Tech has yet to show that it wants to lead this bounce, and the market needs it to lead...
VIX nearing major resistance going back to 2020.
T2108 not showing nearly the weakness the indices are showing.. further amplifying that this is more about the mega caps.
COST post earnings pullback to the lower channel band.