…from Portland, where the city is covered in ice and frozen in place. The market, however, far from it. Should we try to catch a falling icicle today, or is more pain to come? The VIX indicator will likely fire another warning shot this morning as volatility continues to rule the day. I’m looking for a really sharp down day and big VIX spike before I expect to see SPX move back toward 2100. Keeping light on the put spreads and adding call spreads whenever I can.