VIX Spike

For this VIX spike TODAY, I gave SVXY PT of 82.37. We tagged 82.38. LOL
Then bounced a wee bit. So THAT is the level to trade against with 82.33 the more important WKLY level for swings. But in a nutshell, breadth breakdown under the surface combined with net selling of size SINCE AUGUST 1ST has not slowed. So until I see stabilization and buying, VIX will continue higher in time: Price Targets remain: 20.44, 21.33, 22.87, etc above 18.70 wkly close.

Big Picture: VIX ABOVE 17.59 is market bearish on way to 25.20 most likely.
SPY tagged 470.77 DAILY PT/ 421.22 WKLY PT
SPX still hasn't tagged 4218.70 D/W PT.
QQQ has to break 355 to flush still.
TNX hit 4.79 and DXY hit 107+USDJPY intervention didn't help so maybe they need to give it a 2nd attempt in a few weeks.
USDCAD and USDTWD are both breaking out of monthly resistance.
GOLD fell to 1826 PT and ZB is approaching 111 with TLT in the $85 zone. Nothing in my DXY/10Y ration shows signs of weakening, so continued equity and bond selling is my baseline bet.
Add to weak October seasonality and CTA (price insensitive hedge funds) with $20 to $30 billion to sell in the next two weeks, VIX can move a lot higher.
BREAKING: Hedge funds using computers to trade equities are expecting to start selling to the tune of $20 billion to $30 billion in the next two weeks given retreating stock markets, per UBS.
I WAS JUST TALKING ABOUT THIS IN MY LIVE TRADING ROOM.

---

Did you enjoy #samanthas-market-thoughts posted above? Then you would love full access to her and her live trading room, detailed macro and intermarket analysis, not to mention full portfolio of trades across Chase, Swing and Trend timeframes!
Upgrade to CLUB or EDGE today!