### Comment:
Usually if $SPX VWAP is trailing /ES VWAP it's a bullish signal, and vice versa for bearish. /ES has been trailing $SPX regularly for the past 2 weeks during market hours. Personally, not bullish at all. I'm not a bear though. Being a permanent bull or bear is dumb. I'm happy to sell all of them their calls and puts, though.

### REPLY:
I think of the iron condor not as a strategy, or discrete play, but as a state of being. My new favorite mannerism is holding my arms apart roughly at 4 SD width and making soaring bird noises as I flap them to follow, at a safe distance, price action ocillations....

### END.