Breadth Thrust or H&S?

This could break either way.  But, as ZH pointed out earlier, VIX has never, ever, declined 10%+ for three days in a row.  I’m thinking at least a breather, and maybe something much bigger.

2014-10-21-SPX daily proph CU

The trend line coming up from the lower left corner that SPX is backtesting connects some rather noteworthy lows — make that every noteworthy low of the past 5 1/2 years.

2014-10-21-SPX daily proph

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