The VIX retraced today from the highs as trader took long positions
The SPX took the trend line (green – a 0.25 SDT) this morning forcing the short to cover intra-day trades. The trading range was large today (View market profile below)
Market Profile: ESU4
Large trading range and tight value. Traders were running ahead of value and created a significant distortion in prices. It’s important to notice that volatility close at the same level that the day before.
Data from EIKON