Regarding the trade setup on the $VIX futures & ETF posted earlier today, the odds for those trades panning out will increase exponentially if this bearish rising wedge patterns on the S&P 500 futures & ETF (/ES & SPY) break down & play out to their measured targets (or more).
SPY sell signal to come on a solid break and/or 60-minute close below this bearish rising wedge pattern.
SPY 60m Dec 10th
/ES sell signal to come on a solid break and/or 60m close below this bearish rising wedge pattern.
ES 60m Dec 10th