This week's VDX updates reflect Thursday's selloff and Friday's subsequent bounce.
Please be aware that the current market milieu is HIGHLY MANIPULATED and may not necessarily react to technical analysis is the "normal" manner. If time and space permitted I could post many, many charts of Thursday's action to show how .05% volume moves resulted in 1% price moves and that's not the way we expect price to move. Nevertheless, caution is the current watchword although the bulls have an historical edge for the next 3 weeks. The Thursday crash of TLT was overdue but skewed out of proportion to similar fixed income volatility.
Best advice? Trade small.