Is It Over?

It depends.  Do you feel safe with a faltering ramp in WTI and slump in VIX holding back the selling pressure generated by a falling dollar complex? SPX made a nice recovery yesterday, setting up some potentially bullish patterns but failing to follow through on them.  Some of those patterns have been under assault overnight, … continue reading →

It’s War!

Back on April 25, I posted “How Broken is the Market?” and included the following VIX graphs.  The first showed a long-term channel (below, in yellow) the bottom of which was occasionally tagged in times of extreme complacency.  Each instance was followed by a correction.I contrasted it with a chart of the same channel which, … continue reading →