Vix made new low for 2016....hopefully though volatility doesn't disappear because if it it does it will become a boring market....hoping for a triple digit drop this week just to make sure the volatility is still within the market...
There'll be a reset of the 20xx area but I'm pretty sure we're not going to be seeing 2100+ record highs.
You betting on something that's highly uncommon, SPX taking previous year lows and previous year highs in the same year. I see strong resistance around 2020s.
Next buys for me are ERY under $20 LABD under $30 TVIX under $5.75 That's of course if the Dow jumps past 17000 and beyond
I'd say pretty good odds of the Friday employment report...It would fit pretty well with the time cycles, etc of major swing highs/lows and it also falls in line with Oct, Nov, Jan, Feb, etc, etc... If I had to guess SPY tags 200, IWM 107 and then it breaks for a bit...the structure of this rally has been so similar to Oct...notice that the reversals off of key resistance are very choppy intra-day and barely tag the previous support before massive moves higher ensue (plus the everpresent overnight buying ensues)...IOW, shorts can never hold for more than a few hours and better be glued to their seats because the window of opportunity to cover is always very very small.
Here is what I'm talking about...Notice the time and price symmetry...time between swing lows 8/24/15-9/28/15 = 26 td's...time to swing high on 11/3 = 26 td's...Now similarly time between lows on 1/20/16 and 2/11/16 = 17 bars...Projects forward to next Monday (but maybe it hits Friday instead)...