why the post open sell down on every day?, page-34

White

The VIX has a potential wedge or triangle and only if that continues for a minor d and e wave will it be alarming.

Some have suggested it may break down but the "norm" if that completes is a final VIX surge upward which would imply a final collapse of equity markets.

That is why it needs to be watched over the next week or so.

My suggestion of SPX movement is independent of that and of course they will relate.

At this stage both are in flux and the lower high and low scenario is more immediate while the VIX would imply a week or two to resolve.

The VIX situation would imply a lower move in price and then a rally and then a collapse.

If price can just rally hard then the VIX setup will not complete.