Finding a Bottom?

Hey there traders,

Since the beginning of September we have seen two consistent trends:

Pressure on the S&P 500…

and pressure on volatility futures.

Even in the face of sell offs, volatility futures have had trouble gaining any traction.

Look at this chart:

On the month for the SPY and the VXX (VXX is a good enough ETP proxy for VIX futures) are down…pretty significantly.

The S&P 500 was briefly down 10% on the month, at the same time so were the VIX futures.

So what does this mean for the market?

It could be finding a bottom…

…OR…

THIS COULD BE A LONG SLOW GRIND with little help from VIX futures for those looking for a hedge.

Your Only Option,

Mark

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