Another red day for the indices but the VIX refuses to go up proportionately and most near term VIX calls actually saw little or no value improvement today. Just as yesterday there was a positive surge into the close and with 3 down days we may be ready for at least a short term reprieve.
Note the current positions of the short term ALERT and the Pairs charts: Just as we approached a negative skew threshold 3 days ago we are now at a zero line cross in the SPY/XIV (A)pair and approaching a zero line cross in SPY/SSO (B)pair, which typically is a vested opportunity.
