(edit) Apparently the market doesn't. If you chart the VIX vs the S&P 60 min (6 months to 30 days) and then 1 min over various time frames you'll see the divergence very clearly the past 2 days on the 1 min. May not mean much since it's only 2 days.
I don't see a retest of the lows so soon especially w/forced selling decreasing and credit conditions improving so I'll say that this will still resolve higher, but the last hour has me wondering if we'll test 930-920 area first before going higher again.
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