Dan talks about RUT and SPX formed the head and shoulder pattern which signals downside movement. Investors are anxious amid concern that Greece’s debt crisis will spread through the region and rush to buy VIX upside calls. With SPX breaking down 1183 level, Dan will watch careful at 1168 level, the next supporting level. VIX reaches intraday high of 25.70 and closes at 23.84, up 18%.
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