Welcome to NexusFi: the best trading community on the planet, with over 200,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- discounts are available after registering.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Going to see what does tomorrow. Have it side by side with my usual VIX chart (right & purple vs ES). Seems like it's quite inversely correlated to the ES and responsive. We'll see if it leads and how...
I wasn't paying much attention to it today, but looking at it after the session I see that after the huge AM 70 Pts selloff, when the ES turned back up at 11:30 (showing 8:30 PST on my chart), the VIX1D went up with it all the way (and preceded it on the move up -- ES is blue on the chart).
It does start calculating based on the following day's SPX options data during the course of the day. Could that mean traders are positioned for a move down with the FOMC interest rate decision tomorrow?
Added later: Spotgamma after the close: "One concerning metric here is that the MOC closed at -2.2B sell-side. Generally, any MOC print above a billion is noteworthy. "
