If you are correct this will be an AMAZING call. Relentless selling with low vix...T-day boyz seem to be on holiday...perhaps tomorrow, relief rally. I'm hurting..long 1311 & 1305...
The reason I was pretty damn sure, because there were 2 dragons, overlapping. The big one on the 2 days cash chart (height 13 points) was giving 1293 SPX as 3rd bottom, the little 5 mins dragon on the futures chart was giving 95. So by overshoting the small dragon and undershoting the big one, both dragons got statisfied. I will post the chart later.... OK, here it is the big one: Again, I cheated a bit with the Failure point. The idea is that the math has to be done from the theoretical point, not where the actual Failure happens...