WEBINAR: VIX On Five Highly Active Stocks, Weds., October 3 at 6pm ET w/Mark Sebastian and Jill Malandrino. CLICK HERE FOR INVITE AND TO REGISTER.Tuesday was a great day to be on a plane. Rallies were being sold, dips were being bought, and in the end we were left with what could be best described as volatile chop. We've been cautious on the long side after the extreme $TRIN reading we saw last Tuesday and as it works out Tuesday's high in the S&P is still intact. With ECB rate decisions on Thursday and employment data on Friday I'll be looking for capitulation into either 1450 or 1425 and I'm looking to fade the current trend with a bearish bias into 1425.