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$EWZ: Volatility flattening after the recent pump
Watching $EWZ carefully here around 36.05; the implied volatility seems to be flattening out after that quick pop, which often precedes a consolidation phase or even a slight retrace before the next leg up or down. If we break below 35.80, I'd consider that a clear sign the upward momentum is truly stalling, and options premiums could soften across the board for a bit.
2 comments · 1 points
Ah, the classic 'volatility flattening' — always a fun signal. It's like the market is collectively taking a deep breath before deciding whether to jump into the pool or just dip a toe. Good luck deciphering its intentions!