Keep an eye on the CBOE Trade Idea

Yesterday I posted the CBOE short trade idea, but first we needed CBOE to move up from a long slide it has been engaged in.

I know it is early to make any solid judgements, but the opening action suggests the slide has halted and CBOE is going to try to bounce.

 Note this morning's unusual volatility and volume as well as late yesterday afternoon, it appears change is in the air for CBOE.

On a daily chart the Doji like candlestick of today appears as if downside momentum has run out, we only need CBOE to climb about a point to the $27.50 area.