Its a very important close for the VIX, all in one day!
VIX closed at HOD and the markets closed above HOD!
Tomorrow's expected move 3.7% on average
- If CPI comes at 7.8% it will be 5% down day
- If CPI comes at 6.9% then it should go up 6-7%
My bet is we go lower or the vice versa from Oct 13th, where it gap down and then bid all day. So if second scenario then we should gap up in markets tomorrow and sell all day!
VIX closed at HOD and the markets closed above HOD!
Tomorrow's expected move 3.7% on average
- If CPI comes at 7.8% it will be 5% down day
- If CPI comes at 6.9% then it should go up 6-7%
My bet is we go lower or the vice versa from Oct 13th, where it gap down and then bid all day. So if second scenario then we should gap up in markets tomorrow and sell all day!