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Will This Volatility End with a Bang?
-Spuz taking 150-200 point moves in stride… not good!
-Volatility box 3600-3800
-High correlation and concentration of liquidity
-SPX, SPY, QQQ, VIX option volume approx 17 million
-Gamma risk is at catastrophic levels
-Energy complex
-Thin red line in bonds
-Dollar in a short squeeze?
-Earnings, concerned about buy backs
SPX Expected Move-
-Last Week- 124.50 (expected move)
-Next Week- 120.23 (expected move)
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