There is an article about recent US market price action from historical point of view, worth to have a read.
http://www.minyanville.com/articles/nyse-market-ratio-Value-UP-overbought/index/a/20283/from/yahoo
Also the might VIX only a tick high. It seems to have found a sweet spot, market up or down 3%, it moves only 1 or 2% (normally should be in 5 to 10% range).
Low volatility for historical high VIX ??? Ironic!
and it's wednesday, page-8
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| XJO (ASX) Chart |