The front of the VX curve is back below the Quarterly and Weekly fractals. The front spread is sitting in the middle of its normal range for this regime and the fly is not signaling caution. Overall the curve continues to flatten, then gets sold back into after the one day routs.
VX levels are however holding above 20, but if we can start trading consistently below that over the next few sessions, this recent pop in vol will likely need lower levels to pull participants back in.
Sat down with my good friends Ryan from @PiQSuite and @MrMBrown to break down the structure of modern headline driven markets. We talk about where retail can actually thrive during news events and how not to get run over in the process.