Just A Little Patience

As the VIX plunges to a multi year low, just a month removed from a banking crisis, the stock market is mired in a rather tight range.

I still think it breaks out, with the SPY 418 level in focus on a break.


The IHS pattern still intact


We are seeing the VIX grind lower. Prices tighten. The conditions are ripe for a move higher in the face of continued bearishness. Especially if bonds rally, which would help the balance sheets of those regional banks.

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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