My conjecture may be right. Someone very big appears to be caught on the wrong side of this trade. I have been watching this nonsense for the past two hours. This may not end well for the poor guy(s) that cannot get out.

Earlier today ZeroHedge revealed a low liquidity alert in the SPX futures. It may have also extended to the VIX.

It reminds me of “Galloping Gertie.”

Meanwhile, the Hi-Lo index has crashed beneath Friday’s low.

Respectfully,

Tony

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