High put/call readings and falling VIX today suggested a rising price environment.
Thankfully the volatility contracted from 69 pts every 5 minutes down to 36 pts now, which is still up from its average of 15 pts.
Consequently, the market environment is still higher-than-normal risk.
Going into the close here at 3:40PM - I view the high put/call and falling VIX as still a buy environment and a potential for a short squeeze into the close.
Buy DIA here:107.63. Exit at 4PM. Risk 0.50 (just bigger than our profit from this morning)
3:43PM
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