posted this about a week ago. That would be a miracle indicator if something big happened by tomorrow. Interesting to see how that flag consolidation is tightening up. What could make volatility explode either way? Rate cut? Bombshell? Gut feelings aren't very reliable, but if I had to take a WAG, I'd say it's to the upside. Scary thing is pennants usually resolve in the direction of the underlying channel (short in this case). And that record oil sure doesn't make a great argument to the upside, either. Of course the masses are seeing this as well, and betting accordingly (short). My WAG (long) is somewhat based on that sentiment.