the Vix and the COUNTDOWN suggests we are approaching a dangerous point
VIX is nearing full exhaustion with the Sequential on day 12 of 13. Once this happens we should be watching out for a price flip up, and that should occur within the next 10 days.
If I also add the discretionary chart with some indicators that I use for confirmation, I see that we are also approaching – SP500 daily – the test of the MA 200 and the bearish trendline. So VIX + short-term overbought = ALERT
You must increase your prudence and evaluate your risk in this phase: also considering that the best period is BUY HALLOWEEN & SELL THANKSGIVING then the view confirms to be prudent now
A CONSOLIDATION OF THIS KIND?