
The $VIX is hitting an extreme today, down 16%. We all know what happens when you get a VIX extreme signal. It works just as well in both directions. If we break 762.62, I will take two of my four calls off. We now have created a 2 hour imbalance to the downside at 748. So now you have two 2 hour imbalances: one at 779 and one at 748. The next move is loading. You get up to 779, we're going to look to short that thing all the way back down to 748, but we will reduce risk if we lose 762.62. — TJ #SPX #SPY #SP500 #ES_F #QQQ #NDX #CL_F #US10Y #TLT
