SIX is still a post-summer fun short idea, bear-flagging on its weekly chart below a broken, steep rising channel I wrote about last night. Buy-cover stop-loss above $36 if you choose to play.
(see more content after the chart).
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Also, @DarkPools on Stocktwits posted the following chart about how the spread between the S&P 500 Index and the VIX (measuring volatility/fear in the options market) is now the widest we have seen since the 2008 financial crisis. Interesting observation, indeed, with the VIX-related ETF’s (VXX TVIX UVXY) basically a laughingstock at this point.
(click to enlarge)
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