American futures contracts should go to the more pronounced negative territory on Thursday, but not necessarily closing prices will be in the red. My calculations show that in a certain part of the session American futures should be on a distinct downward territory. However, they may return to the neutral point on the SP500 between 1453-1455. If they do not come back, there will be abrupt downward correction. On Wednesday, the VIX fell more than 2%, but VXX closed session to zero. VIX and VXX can begin to go up slightly on Thursday. If not, there will be continuation of sideway movements.
Strategy for FW20 – sell after breaking up if American contracts will tend to increase in the morning, or sell at the opening, when the SP futures are in the red. Stop loss 2428.