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$VIX has risen above 14, reaching its highest level since May 3, currently standing at 14.10 in pre-market trading. Analysts predict that the VIX will fill the gap at 14.68 today. Meanwhile, the $SPX is basing at 5265 support following a gap down, with a lower bound expected move for the week just below 5250 at the 21-day EMA. The SPX is anticipated to open down again tomorrow, filling the 5247 gap. Market conditions indicate a transition period with a focus on names with catalysts, as the VIX has already increased about 20% over the past week since May 23rd.
$SPX tomorrow will open down again filling that 5,247 gap. And likely fill that 14.68 VIX gap. https://t.co/Ann4eM21nf
This is monthly distribution on SPX. June 2 Sunday night big gap down imho as institutional flow can reposition monthly risk. 5250 holding the Monthly 1 now. That is a key reversal May 23rd. @VolSignals @DannyDayan5 #SPX #JATSPT #NinjaTrader https://t.co/h4D9LhckkI
VIX already up about 20% the past week since the VIX-piration turning point. Would be higher likelihood to see this melt back lower into June OPEX in two weeks. Lots of tailwinds in place for IV sellers to step in. With realized volatility so low in the 11's, no reason for VIX to…
