With the Volatility Index at 27, implied daily S&P 500 ranges are approximately 114 points, making typical 100-point intraday swings technically insignificant, indicating the market is in a systematic deleveraging cycle where further lows are more likely than consolidation.
factualpending
Speaker
Patrick SesnaEvidence Quote
“we have daily implied ranges of 114 S&P points, which essentially means that these 100 point swings higher and lower...are not technically significant. [1:19:24]”
Created: 8/12/2026, 5:52:35 PM
My Notes
Loading notes...