VIX has broken all support. Heading MUCH lower. Seriously.
SPX has a way to go on resistance. We are "in between" here going into options exp.
The big question now is the "sell in May" crowd? What will they do??? What is Hirsch telling people to do? He put out the buy back last Fall and failed miserably. Now, do you tell people to sell? And miss out on a 2003 summer type rally? Or will there be no summer rally? This must be weighing on the Almanac guys............
VIX - is 18 support? Don't think so. Broken once already. Sticking with call for 15. This month. There s a third drive down today. Monday a bit more vig, then resume course down.
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