VIX rallied off the final low of a Broadening Bottom formation that is marked by successive higher highs and lower lows. Aggressive traders often use a close above the mean value of this index to begin placing bearish trades in equities.. A daily close above the prior high at 17.65 confirms the VIX buy/Equities sell signal. The Cycle low came on Tuesday.… Continue reading
— VIX continued to challenge its Cycle Top resistance at 19.18 but closed above it. Fortunately, it closed above both Intermediate-term support at 16.32 and Short-term support at 16.62. The Cycles Model suggests a probable rally top by the end of January or early February. It may get very exciting.
SPX continues its sideways consolidation.
SPX continued its sideways consolidation between Intermediate-term support at 2021.03… Continue reading