Dan discusses the technical breakout to the upside in the S&P 500. After a couple of weeks of consolidation the market has now jumped to new highs from the August lows. Dan is seeing cautious optimism; he notes that there are active put buyers in the S&P 500 and call buyers in the VIX. This translates into an increased appetite for risk protection.
Can the market start to bottom and move higher when there is so much fear? #EAVOL https://t.co/H3ZzzIviOG
Can the market start to bottom and move higher when there is so much fear? #VIX #EAVOL https://t.co/H3ZzzIviOG — Brian Stutland (@BrianStutland) Sep 15, 2022 Source: @BrianStutland September 15, 2022 at 07:24AM More info Your Website/Page Anchor Text Here
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