Charts I’m Watching: Nov 27, 2017

Friday offered further confirmation of the distortion in markets driven by manipulated algorithm inputs.SPX was rolling over as the early 10AM close approached.  The only problem was that the SMA5 200 hadn’t even reached the 1.618 extension at 2599.41.  VIX suddenly dropped from 9.69 to 8.56 — an 11.7% plunge in mere seconds.  There would … continue reading →