Congrats to those that went short, now we have now room for error, I am looking for at least 25 points drop from 1250.
We cut some more risk today as the SPX started to print in the zone where single prints began last March 21.
The VIX is much lower now (-20% from the highs) however I believe that we are not in a “safe” trading zone. Real sellers are higher and real buyer lower. Trading the first week of April could be harder than this one. Yesterday and today price action appear to be not significant in the medium term.