Show me a chart where the vix stayed above 65 for weeks? It's nearly impossible...it could happen but only in an extreme case of a black swan event and even then you might get 3 or 4 days, but for the vix to stay above 65 does never sticks.
We will see about that. All of these fake fades are answered this week. We are very close to losing the sell algos and they will disappear to the point, you will be begging for them to return.
Every time you think it's going to drop they just throw a V in your face. Today is a big day with the candle and all, but every time it drops it just rips right back. Listen, if we got the big red candle with the rejection of the 5EMA then it would be different, but it's having a difficult time staying down. I've counted like 3 major fake fades this week already.