This has got to be one of the best indicators for anyone who is bearish and has a little patience. Delta has given up calling for SPX 800, 1200, etc and is now looking for 1520. Act accordingly. Too bad he soldall his UVXY by last Fri at 1PM though. LMAO!
Gap at 1531-1535 has never been filled. I expected that today before Bernanke steps in and "saves the day" again. My hero...
I guess they could bash the market for another week, draw in more shorts, and then drop the big one by removing the debt entirely and setting off the mother of all short squeezes and a USD collapse. Gold to $2000 and S&P to 1625 in the blink of an eye.
""BTW - tvix might no be reissued, at the end of this month""
Thanks for the heads up Buzz. I have always thought ETN's were a BS product and if Deutsche Bank, Barclays or GS ever go down their ETN's would go down with them since there are no assets in their ETN "Structured notes".