Afternoon Update

VVIX (-0.15%) got VIX (-1%) right once again as VIX is in the red, despite the SPX (-0.3%) in the red too. VIX ($19.63) is teetering just under $20. My rule of thumb is that if I’m going to be long or entering new longs, I don’t want to do that with VIX above $20….

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