I’ve been sticking to the #SPXcampaign roll rules, and as you can see by the number of arrows, things can get quite messy. As long as you can track it, the system can withstand a whipsaw market like we’re experiencing.

As for the VIX, today was the second consecutive day below the 78.6% retracement. It will depend on the market’s reaction to the job numbers Friday as to whether we’ll get an Upside warning or get some more pullback.