TGIF - time for protection

SPX - now that was quick

SPX has gained almost 400 points since recent lows. The panic up has been stronger than the panic down and has taken most by surprise. Despite all the price action since early January, the SPX remains in a wide range and lacks a proper trend. In our thematic emails (premium subs only), we outlined the latest VIX guy logic on March 9 (the guy nailed it again) and on March 15, in our note