I personally think VIX is still no where near high enough. It shows buy the dip mentality is very strong and put option premiums are very cheap.
Technical damage is done - I am usually bullish around this time of year but technical damage is so severe it will take time to move back up again which it will have its counter rallies but supports are all but gone for now.
XJO - Bear Posts only (Factors which might cause the markets to fall), page-442
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Last
8,870.1 |
Change
161.300(1.85%) |
Mkt cap ! N/A | |||
| Open | High | Low |
| 8,708.8 | 8,886.9 | 8,708.8 |
| XJO (ASX) Chart |