For the past month now, I’ve been stating how traders who have been trading VIX futures have been expecting to see a rise in volatility as we head into fall months. Seeing this expected pullback in the market over the past week has helped prove this expectation. With this, I can expect the market now to turn a bit sideways as I believe we will be in trading zone on the S&P from the low end of 980 to about 1,020. Click below to hear my take on the VIX and my market forecast in more detail as I had a chance to explain it all on CNBC on Tuesday.
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