Posted by sbaxman111 on 11th of Aug 2017 at 03:38 pm
After Thursday's dramatic 36-point drop in the
SPX, price on the
SPX:VIX ratio plunged to the upper edge of a
“Major Conflict Zone” and the
“Bull/Bear Line-in-the-Sand” level, as shown on
the
Monthly ratio chart below. A drop and hold
below this critical
150 major support level will seal the fate of
increased volatility and lower prices for the
SPX. The Momentum indicator has also fallen below the zero
level, confirming that instability is in store for this index, for
the
longer term, if it stays below zero.
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SPX:VIX RATIO
Posted by sbaxman111 on 11th of Aug 2017 at 03:38 pm
After Thursday's dramatic 36-point drop in the SPX, price on the SPX:VIX ratio plunged to the upper edge of a “Major Conflict Zone” and the “Bull/Bear Line-in-the-Sand” level, as shown on the Monthly ratio chart below. A drop and hold below this critical 150 major support level will seal the fate of increased volatility and lower prices for the SPX. The Momentum indicator has also fallen below the zero level, confirming that instability is in store for this index, for the
longer term, if it stays below zero.