I bet we see another DIX print below 0.40 tonight.

Note that we saw a sell signal in the DIX data on September 30.  That sell signal is based on an analysis of DIX values < 0.39 that I posted earlier.  After that sell signal … nothing much changed on the dark pools side …values hanging in around 0.40. Were I betting, I’d bet we see a DIX value below 0.40 tonight. The off-exchange traders are a little slow …so everything in context.

Also note that while we saw a reactionary …i.e. forced re-hedging in the GEX on October 10, we didn’t see a concomitant buy signal from dark pools.  That’s the setup for a “volatility box.”