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$VIX is actually reacting today. Not a big move up, but its something.

 

Opening 25 pt move crapped out and failed breakout of yesterday's high set the tone i guess

Anywho, id say hod is in lol.

 

Check 6/1/2022, the same pattern. Going higher at the open and reversed down, for the same reason that was dragged down by 10 years note, Japanese yen and euro. And also make a short term top.
Early next month there are plenty press releases that is likely to show strength of US economy, which will make FED more hawkish. That was why 10 years note and Japanese yen and euro all go down at the month end and the beginning of next month .
There is some chance of a later day bounce.

 

I went long at at 3931 at open and exited at 3932, went short at 3919 and held it all the way down.
If market goes up from here, 3869.25 is my current stop winning point.
My system says if 3869.25 is reached, then an intraday bottom is very likely.

 

I went long 3945, exit 3928.

Went back to focus on multi day swings.

 

3868.25 is my new stop winning point.

 

I would assume at least 1 more leg down

 

If it goes further down, my stop winning point will be adjusted lower accordingly.

 

3868.25 was reached, I am out.

 

3869 was a perfect spot to go short - after it dropped to 3851.