Yes, the VIX appears to be mean reverting, but it certainly can go higher than 35 and remain elevated for some time. With the correction in October I believe it was below 30 for the entire move. I wouldn't be surprised to see a large gap down on Monday's RTH Open.
Its always good to learn from people who have more experience yourself and yes it is a worthy cause, I give money to people in need all the time,
It sure does..always be careful indeed. I just like the calls being made in this thread and try to bring perspective
I wish I had seen this but I stayed away from elitetrader today. At same time as you posted (9:54 AM) I wrote "probably going to yesterday's low and make another outside day." I wrote time as 9:53. Statistics! When a break of the yesterday high fails, and price retraces below a point, then very often outside day. I find weekly and daily help me with my day trade expectations. You too @Laissez Faire?
Sure, but very often may be an exaggeration. Approximately only 9 % of all trading days are Outside Days. 23 so far this year including today. Yes, I do think they're useful.
"Very often" refers to failed high breakout and retrace of half yesterday's range. Test it. Not "very often throughout the year." Sorry for my unclearedness.
T This mornings $ES, Bearish engulfing with a solid red break below the V-wap on good volume, it was a perfect momentum play, Lets not forget $SPY's breakdown, 1mn had two red bars close below the V-Wap, Each bar had volume just shy of 500K, as an $ES Trader that's all one had to see,