Bulls Vs Bears
Updated
SPY Journal 10/08
The world was not plummeted into financial ruin as everyone predicted.
Not really a surprise considering almost all quants I observed were trying to explain why I (SPY) am reacting the way I do.
The general consensus is the relationship between SPX/VIX as the wizard of the ops explains in this tweet thread.
This explains why I have been falling suddenly, then mean reverting back to previous levels once the vol event has passed.
I'm working on 2 outcomes for the rest of the October.
1. Bears rally today and close below the 20D (~4400) which seems like an important level for me (will explain more in another VS post)
2. VIX is crushed today and causes more mean reversion to the upside for next weeks leading into another OPEX 19th Dip.
If Bears fail to close below 4400 today, there will almost certainly be another chance during OPEXs window of weakness.
As always,NOT financial advice, is a parody.
The world was not plummeted into financial ruin as everyone predicted.
Not really a surprise considering almost all quants I observed were trying to explain why I (SPY) am reacting the way I do.
The general consensus is the relationship between SPX/VIX as the wizard of the ops explains in this tweet thread.
This explains why I have been falling suddenly, then mean reverting back to previous levels once the vol event has passed.
I'm working on 2 outcomes for the rest of the October.
1. Bears rally today and close below the 20D (~4400) which seems like an important level for me (will explain more in another VS post)
2. VIX is crushed today and causes more mean reversion to the upside for next weeks leading into another OPEX 19th Dip.
If Bears fail to close below 4400 today, there will almost certainly be another chance during OPEXs window of weakness.
As always,NOT financial advice, is a parody.
Note
and BULLS out of nowhere land a 1,2 combo to knock the BEARS down to the mat.Thanks for Playing Red Light, Green Light.
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