Tomorrow the New Continuous Contact for the VIX will begin trading.
To project Price we need to consider the VXZ / VXF Spread (Roll Yield) and use Draws for both months to determine the Point of Convergence for Price based upon Draws for both Contracts.
The VXF Chart above provides the Price Objectives and lower Gap FIlls.
The VIX has been trending down for some time now and may continue the trend into year-end.
Clearly, this gives the ES YM RTY room to move higher.
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