Based on trendline projected from the last 2 peaks, it seems like S&P has reached another resistance. The VIX is strangely up. This means that there are more puts being opened 23-30 days out and thus causing VIX to go up. Protection is being bought. No matter, it is important to realise that the risk-reward is now favoring the short side.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.