Special pre-market post. Sea of red today and this is the second time recently that apparent bullish moves have turned around the next day. Portfolio is out of tech so spared the worst but in a surprise to me TLT nor GLD are up - making VIX the possible safe haven of choice.

If VIX moves and stays above its 2HP / Q3P combo at 12.28 I will be de-risking. VXX / UVXY are death traps but as mentioned in latest Total market view it may be time to give them a look. XIV likely opening below its JulP 81.56 and then more support underneath at Q3P 77.76 and then 3HP 73.15.

UVXY JulP is 10.14 and as it turns out weekly pivot exactly there so a jump above has a defined r/r level - barring of course, another big gap the other way on Friday.