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Volatility Went AWOL

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​This morning's report noted Lizard and Soup Nazi buy setups on the SPX targeting a push to 2650.



The index bled back into yesterday's range pulling the rubber band back and launched to the 265 SPY strike.

There's no depth of meaning to these moves --- it's all algomatics pining each other.

Noise.

When there is little conviction in the market, as is currently the case, technical run the roost and vol is AWOL.

It will be interesting to see if the SPX reverses from this 2650 level, or whether yesterday's buy signals lead to something sustainable through next week.

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