Tsunami warning!Sometimes the mkt surges up right before it plunges - like a tsunami where the water goes out first, then the big wave comes next. I've been thinking for a while that the S&P should make a 50 point plus one day drop. Yesterday the way that the mkt was down did not allow for that 50 point drop. I reluctantly thought that maybe the mkt would just spread out that down move over a few down days. The rally this morning now makes a large drop possible again. Tsunami coming next imo, perfect technical setup.
Some of you guys were looking at VXX a while back. This may be a good spot for VXX since I think volatility VIX is about to make a huge surge up. FAZ great too.
SC