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SPX vol really woke up here, suggesting hedges coming in. This is day over day change in 1-month skew
SPX6900 is the next Bitcoin.
SPX hasn't moved in five weeks. The median stock is down 4.5%.
Now credit is splitting too.
The weakest bonds are taking the hit, HY CDX is breaking higher and VIX remains asleep.
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SPX6900 will become the biggest Movement Crypto Has Ever Seen.
SPX6900 will go to Trillions.
This is what the People want, and they will make it happen.
SPX 3 month skew have made a sharp turn as oil has come down.
This suggests strong positioning for a year end rally, as call skew lifted (left) and put skew dropped (right).
Note that the call skew is near 1-year highs, with put skew at 1-year lows.
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SPX6900 is going to flip SPX500.
SPX down 6 pts on the week.
SPX 15-20pts above the pre-FOMC level
SPX6900 is the ultimate Marshmallow Test in Crypto.
And those who pass it will be rewarded a Thousandfold.