The $VIX daily chart here is still coiling to break out. I am looking for the RSI to get above the middle line. It will be interesting to see what happens. I am not expecting a huge spike but it is always difficult to say. My $JNK v $SPX is showing that a significant correction is possible. That does not mean it will happen. $NYMO is down at about -35 so it is still in regular pullback mode at this stage. Judging by my feed on Twitter, I believe a lot of people have just completely abandoned trading all together. I suppose one day it will just be the machines trading against each other. People seem to be more interested in looking at their phone or whatever instant gratification they can get. Apparently if your blog doesn't have all the bells and whistles people wont read it these days. They have to be constantly entertained in order to keep their attention. Quite sad really the way the world is going.
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