Is NASDAQ Volatility a Wake Up Call?

--volatility suppression on a down day
--a wild A/D line illuminates serious risks
--bail before big earnings ?
--FED 25bps, Powell quiet, yield inverted most since 81
--eventually we fade the AI/GPT trade

SPX Expected Move--
--last week-- 56.05 (expected move 5 day week)
--next week-- 61.36 (expected move 5 day week)

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