if we break the 11 or 12 region on this vix chart we could be off to the races on the SPX and stockmarket. We are not there yet, but we are getting close. The buyers are slowly getting weeded out by the sellers as you can see, and this is BULLISH for the market in the coming weeks.
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| vix chart |
The vix chart is the inverse to the indicies such as the nasdaq chart (below) which shows the bulls are grinning and winning at the moment. Since the middle of November we have only had one red day! WOW!
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| nasdaq chart |
Yes we are due for some sort of pullback, but while others out there are getting very bearish or calling for a market crash, the overall sentiment is not suggesting a bearish tone for the market at all right now!.
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