Wednesday, April 13, 2016

VIX striking similarities and the current SPX bull trap

There are some striking similarities between current VIX price pattern and a previous VIX rounding bottom back in Oct-Nov 2015. Back in Nov 2015 the rounding bottom signaled a top in SPX.

Our current view based on VIX pattern and our ATR div system-not shown here- suggests a significant fall for SPX in the following weeks