Another VX Breakout

٧ أغسطس

VX was awfully weak this morning, but it never broke below the 21ish area it had launched from last Friday. At the same time VX was holding support, ES filled its gap from Sunday evening, which led to a sharp drop and a spike on VX.

Now ES has erased the entire move and turned red on the session. It broke back below 5330 and kept going below 5300 as well. 5300 has been broken by a significant amount now. VX broke its downtrend and is headed back for a test of the high from Tuesday. Critical test here, I think things are right on the edge still. Not sure what's going to happen, I really have no idea.