Hi HOB-sters!
Ok we are really at an important inflection point coming up here soon. Please take the time to watch this video by Mr.Topstep Tim from Topnotch. It is an amazing video and has lots of info. It appears that once we hit the 1108 level, I will start really scaling into spy puts. the next upside target I have is 1121-23 area where I will go whole hog! we might see a retracement to 1030-40 area. If that trendline is broken then we will see a 900 handle on the SPX.
could we go lower…….yes well I see allot of support @ the 880 area, so that could be where we bottom out. Now nothing is written in stone, so I go will see what happens around the 1040 area first.

Next the dollar appears to have found some support here and we should see a bounce to the 23.6 Fib level from here, could it been when Heli B Bernanke speaks next week? hmmmmmmm

Notice that the VIX was inflated before the 9:55AM University of Michigan Consumer Sentiment Survey, similar to the way IV on stock options gets inflated before an earnings report. But from about 10:15 on the correlation between the VIX and the DXY futures was amazing. It was as if the US dollar was priced as the “fear gauge” of everything!  ..