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The Volatility Index (VIX) has come in hot from our 31-32 target, correcting -22% in less than a week. A breakdown and close below the 23.99 line, gets me more confident in the holding long exposure for a continued market squeeze to test S&P-1289.

There is blood in the water. The sharks are circling the shorts. Be nimble, and be careful out there.

KM