For one day VIX did not hold the bid for vol

Pit Stop [fstp, logo, header] September 4, 2024 [ag views, logo, header] For one day VIX did not hold the bid for vol Once again traders are captive of market data. We are looking for employment data Thursday morning and Friday and it is making traders jumpy after the 2% selloff Friday. [ded] We had up VIX day, but a down VVIX day. Volatility in the SPX went up but not in VIX options themselves. The jiggly end of the curve, bleeding edge for volatility buyers, did not move higher but moved lower. VVIX is just the Volatility of the VIX using a VIX style calculation. [ded] 5 day VVIX chart Maybe someone knows the number coming out but once again, traders are not continuing the bid for VIX. Generally this is bearish volatility and VIX. We could see a Yield Zone flip in the Trading Desk in 48 hours. Oh my. This week's Barclays Ipath Series B short term VIX futures (Ticker: VXX) might play again. - 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,] VIX Surge. What happened yesterday Hey Traders, In this edition of Trader's Edge, we'll talk about the VIX surge and everything you need to know involving this spike. [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!](  [fpip] Support Has Been Broken Hi Shoppers, Well that was ugly. Support has been broken …  [ded] The lower end of my smaller pitchfork had support at $5589 … it was violated. My horizontal support level at $5561, which lines up with the most recent lows and the high of August 1st, held for almost three hours … until it didn’t. The level everyone and their mother was watching, $5550 … blew through it. We did stop at the top of the gap created on August 15th. Where do we go from here? [Read on and I will tell you.](  [P.S. It isn’t too late to join Mark Sebastian and Andrew Giovinazzi’s Trading Desk before our Labor Day special expires.]( - Licia --------------------------------------------------------------- Join Licia's trading community and start receiving her Profits In Pumps 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. Add Option Pit Live Events to Your Calendar [Apple]( [Google]( [Outlook]( [Outlook.com]( [Office 365]( [Yahoo](   [glossary, logo] There are plenty of terms in the trading world that need explaining. The Option Pit Glossary is here to help. Today's phrase is:  B/D - Acronym for Broker/Dealer. 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