Gaps overhead, with New Lows in the Trend.

The VIX Curve remains well spread from M1 - M3.

CASH/SPOT @ 14.98
VIX 11/21 @ 18.75
VIX 12/21 @ 20.70
VIX 01/22 @ 22.35

We are seeing the 400 Tick Settlement Spread come in... it
gained 23 Ticks on Close yesterday.

The ES completed the run to our Price Objective @ 4546 to
the TICK this Morning.
Catatan
The lower-Price Objective is now 16.58.
Catatan
Hopefully, a large retracement back up to -1.618 @ 25.22
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