based on month open 30 dte stanard deviation. obviously a moving target and still a speculative instrument im messing around with. my theory is if we fail to hold the 286.07 level we may see a limit down scenario. catalyst eurozone easing prior to 10 year note auction likley to cause a spike in realized volatility. reason: negative rates in eurozone likley to drive the flight to quality bid. in order to buy USD you must also buy treasuries. the eurozone easing will cause a sell of in eurozone euros vs dollar. when treasuries are bought equities arent bought and volatility is increased.