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Fall Is Looming – Literally

Fall Is Looming – Literally

by The MoleSeptember 20, 2021

I just finished an RPQ video on what the crypto market is up to (upvote and subscribe!) and shifting my attention over to stocks I can’t help but notice that there increasingly appear to be some similarities. Interesting times make for interesting market correlations I suppose.

After having fallen precipitously since the Sunday open the ES is now retesting previous support around 4350.

As I’m typing this there are only 10 minutes to go until the open but given fair value of about -11 handles that puts us around 4365 on the SPX at the ring of the bell.

Now if you compare that with BTC right now you most likely will agree that we are looking at a similar formation. Except that crypto is about six times as volatile as stocks of course. If you want to learn more about what the future may hold on the crypto end of things make sure you check out my video.

Now back on the equities front the VIX is most likely going to leave a mark this morning. A jump from 21 (already considered low level risk range) to now 26 is massive and it’s going to pump premiums significantly.

So the nagging question in everyone’s head this morning of course is this: Are we looking at a deeper correction here? Or is this nothing but yet another BTFD opportunity?

I’m glad you asked, for answers meet me below the fold:


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About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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