Thursday, October 8, 2015

Monthly SPX / VIX closed below its lower BB line

If we are going to enter a bear market, big drop will start after we test 2100 area (double top) , just like we did in 2007 because whenever monthly SPX:VIX closed below lower BB,  SPX rallies to at least the last intermediate term high. If we go to 2100 area, I think long term setups will hammer the market easier than before as the long term momentum will be weaker in this leg.

SPX/VIX monthly

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