were right around vwap anchored at last sell signal
whether we blow through this vwap and smash though the sss supple zone, or pull back to retest sssma and trama, it looks like the upper nadaraya watson envelope gets touched again. im waiting on another sell signal from that strategy. it seems like theres this scenario where the vix gaps up and takes off, but more measured and muted drawdown has been the norm for weeks as we grind lower. we really need to see qqq, xlf, soxl, spy to new lows if we want to long vix, and we really would like to see rotation firing on all cylinders with iwm, xlv, xle green to see a bottom story coming out of broader matkets. if we come to the top of this range and pull back i would close long.
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