Price drop is a new record as well, no? This drop is interesting in that it has very little fear, the VIX sits at 18.44. On the 23rd it went to 20 but the bottomline I worry that we have to get a spike in the VIX to end this slide and that could easily mean a test of 1250. I want to see a much higher low (say 1274) and then a huge swing up but I may not get what I want.
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