VIX has dipped extremely hard as media outlets project the election results. It has wicked off of 22.5 a couple of times and there is still a lot of uncertainty considering the news hasn't made any major announcements on the election since projecting Biden winning and the idea of voter fraud being taken to court seems to have brought the US to a halt. I feel as these stories develop investors will waver and the S&P could see some more selling going into inauguration of the next president despite stimulus hopes. My target for the VIX is 29.5 by November 24th.
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