VIX update...

I've mentioned a couple of times that I'm watching the VIX and RVX very carefully.  When the market plummeted (yet again) last week the VIX was pressed up against a resistance point that has held several times in recent weeks.  Now it has come down to the lower part of the range:

There may be a little room left to move down, but it looks like we could be in for a slight reversal.  That means VIX goes up, and prices go down.  Of course we never know for sure, but this looks like something to watch. 

As for the NDX Condor... nothing to report today.  There was only slight movement and we are still in good shape.

Good Trading...