RSI is printing lower lows while VIX is printing higher lows on the hourly. I expect we will see this play out with some red in the AM. If you're looking to go long at open, take caution. LONG VIX.
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I took profits at the upper trendline of the megaphone today. The pattern is still good, I opened a new position at close. Expecting more volatility tomorrow. Lower-lows, lower highs on SPX on hourly.
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Building. I hate wearing my bear hat. But it's looking like we're getting close to that time.
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