Some smart traders I know are "all in" to the short side. I'm not so sure yet. Today we'll likely find the answer. Last Thursday, 11/4, we went up on strong volume. Yesterday we came down on lower volume. In the overnight session, we based. We would need to break down hard today, for this to be the real thing.
I went long small yesterday and took profits on most of my VIX options. I am looking for spots to get longer, but only with options. I do think we're in for a large correction when it comes.
At times like this, money starts to move as assets get reallocated. Volatility runs a bit higher. It's an exciting time.
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