I’m not sure if it will need to, but I also acknowledge that it might need to. It’s possible that Apple goes down again for a touch while the S&P “underthrows” its.
It would be best to see an intraday reversal with the $VIX closing back inside its Bollinger Bands on the daily (a buy signal) but it has not yet. I had closed some hedges earlier today, but I am putting some back on just in case this has to go lower.
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