Opening Indications

VERY EARLY indications, nonetheless none of the averages have seen 3C confirmation of their gap. Short term VIX futures have a positive divegrence and....


Honestly, could this have been forecasted any better?

For the last 2 trading weeks I've been saying this spot VIX Bollinger Band Squeeze will produce a highly directional move, a breakout in my opinions which sends the market lower. I also said in every mention of it, "After the initial breakout from the pinch, price tends to loiter in the area and then takes off". More specifically I said in each of the last 3 Daily Wraps that "Price tends to pullback to the 20-day moving average after the initial breakout before shooting higher." 

That's the 20-day average VIX is at, so again, could this have been forecasted any closer than that?