Vix Update August 1

The Vix continues to be strong into the latest Fed. meeting closing
yesterday at 18.93 , up 5% for the day. Expect continued strength
through tomorrows announcement. The range now appears to be mid to
high teens to possibly 20-21 on the upside. News driven markets are
very tough on traders as everything becomes a binary event.
Effectively you are guessing red or black. Good luck with that.
Patience is warranted. Look carefully for a lower risk entry, perhaps
if the index drops back to the lower end of this range, in the 16-17
area.