Follow up on last week's (5/6) VIX analysis. Predicted the S&P drop to the day a week ago! Everything holding true to form except it did not fall as much as predicted. It only fell 14% versus the last two dips where larger at 18%. Not sure if the 4% difference matters. However, as I pointed out in my SPX analysis, the pattern is very consistent. Will be interesting how long this pattern will hold.
