Why is VIX still 15 near all time highs? This is why.

Pit Stop [fstp, logo, header] August 31, 2024 [ag views, logo, header] Why is VIX still 15 near all time highs?  This is why. SPX was looking for 5560 or lower midday only to stage the miraculous turn around. It also closed within 20 points of an all time high. From a range point of view, we rallied 40 SPX points this morning, sold off to just down on the day and then rallied 70 SPX points from the bottom. That is 150 point range or around 3%. That is a 36% volatility. Mark covered this today in the Friday show on the Tradier Network. ATR, or Average True Range, is very high for SPX, around 60 points per day. [ded] VIX is running at a 15% volatility. The daily orbiting ranges are big so take what you can get on the moves. Let’s see if Tuesday sells off to complete the picture. I don't think VIX is going to get too far away from 15 any time soon with this market action. - AG  [logo, pit profits] Want to find YOUR winning fit? Give our Customer Care Team a call at [1-888-872-3301](tel:/1-888-872-3301) Monday-Friday from 9 a.m. - 5 p.m. EST. Or email them anytime at [support@optionpit.com](mailto:/support@optionpit.com)  [logo, fvix, header,] Pay Attention to this Number Hey Traders, In today's video I'll break down what happened this week in the market.  I'll also answer some of you burning questions about the VIX and she light on some of the key earnings we just went through. So without further ado, let's dig in. [ded]( [Click here to watch!]( - Mark --------------------------------------------------------------- Want to get Mark's Trader's Edge updates directly to your inbox?[Click this link to sign up!](  [frep] PCE and what's with NVDA Hey Traders, Today, Andrew and I sat down to talk PCE, NVDA, Earnings and the VIX. [Watch Big Flow Friday here!]( - Mark --------------------------------------------------------------- Receive the Option Pit "Ticker of the Week" breakdowns as soon as they are released. [Click this link to sign up!](  [fpip] On the Road Again Hi Shoppers, Sadly, we are leaving Florida today. We had a wonderful three months to experience the sunshine, beach and crystal clear waters of the Gulf of Mexico. It was fabulous … and believe it or not not too hot. Every day it rained just a bit to cool it down. We are heading to South Texas with a stopover in New Orleans which is awesome! Love the muffuletta sandwiches and Pimms Cups at the Napoleon House which is such a cool old establishment, fun to hang out in the rain. The charred oysters at Felix’s are the best I’ve had. Of course we will browse the antique shops on Royal, walk through Jackson Square, and catch some live music after dinner. There is also Avery Island where they make tabasco because it sits on a salt dome, just be careful of the gators. [Before I move on to the markets you must check out Andrew’s Weekly Profit Cycles strategy, it is a true winner.]( [Now go here and take a look at my S&P 500 chart and where the support comes in.]( - Licia --------------------------------------------------------------- Join Licia's trading community and start receiving her Profits In Pumps Newsletter. [Click this link to sign up!](   Get all your DC Insider info inside of Frank Gregory's "Power Moves" Newsletter. [Click this link to sign up!]( --------------------------------------------------------------- Don't miss when our traders go live! Get an alert everytime we open the live rooms to all of our readers for free by selecting the calendar you use below. 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