Highlights
- Another record spike by the VIX on Monday, following Friday's Top 20 spike, is uncomfortable but potentially boosts the case for buying weakness.
- The back-to-back vol spikes in not without precedent, and while near-term volatility may stay high, we still want to be buyers.
- How the market structure evolves during this continued volatility will determine what we want to do with the next overbought condition.
- For now, major support for the S&P ETF (SPY) is in. . .
