VDX Updates and Trader's Outlook...11.06.16

Two days until elections and then expect all Hell to break loose.  The markets are just biding their time until Armageddon and the last 9 days of selling may be as precursor for things to come.  The good news is that the downdrafts haven't been in the triple digits each day but more a steady erosion of price as opening gap ups have consistently turned into losses by market closes.
Here's the VDX updates but, really, at this point in history there's no actionable guidance to be derived.  Wednesday morning will likely usher in at least a short term (probably volatile) trading opportunity...just don't be on the wrong side.
Trader's Outlook shares this view with some detailed perspectives on the VIX.
For delta neutral players this is a perfect setup although the danger is the limit stops will be blown through at the open and we'll end up net flat at the end of the day.
Tomorrow morning we'll look at a couple put spreads for playing the election that have attractive risk/rewards.