As legendary market technician John Bollinger tweeted today…
“Another volatility event in the US stock market. At the lows S&P -1.4%, VIX +51.1%. This is going to get out of hand one day.”
And quite an event it was… VIX spiked to 15.16 and liquidity collapsed before panic-vol-sellers struck again (as banks hit unchanged) slamming VIX back to an 11 handle by the close