There are so many views on what could happen in coming days. It could make pre-emptive action very dangerous.
I have noticed that in US, the home builders and banks are closing higher on Dec 5 than Nov 28, even SPX, DOW etc did not.
Well, current volatility is kind of worry. I found a similar pattern during 2002 rash. But the key difference this time is the VIX is almost twice as much high. For the rest, you could see it by youself.
If there is any meaningful rally, we need to have lower low of VIX in short term, that is VIX has to drop below 45.
And down the road, a lower low in SPX or DOW might not cause VIX to be higher higher. I guess around 70 might get the job done.
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