VXF - M1/V1 VIX

27 thg 12, 2021VX Complex has a bit more work to do to the Lower end of the Range.

Year-End it is quite easy for the ALGOs to compress the Range into a
Full Retracement after continued failures to move and close above
the .618 @ 22.90.

There remains a concerted effort to continue the compression leading
the ES YM RTY to a Lift.

Of concern for January, China is amassing Commodities in amounts
unseen before and moving quickly to become as Food Independent
and free of all imports Net of Feed Stocks.

Soybeans were replaced with Corn for the Season, which is somewhat
curious, as Feeder Inputs appears to be a better decision for Livestock.

The CCP has been on a tear to reduce all Foreign Dependence, in excess
of 84% of all Food Stuffs have been secured internally.

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It appears China is hoarding consumables and Food Stuffs.

Commods should be watched closely into 2022 as actions taken by China
do not occur in a vacuum.

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VX Compression was noted last week in a commentary and Chart which showed
the Lower Price Objective and Compression. The Divergence within is of concern
as when compression ends - This is when we see the VIX move higher, significantly
higher.