Last night the VIX actually closed negatively just outside the bollinger band. The last time it closed outside the BB it was in fact a positive close and that was on Jan 11 and then followed from high to low a 568 point drop down to 6th Feb.
I see the wave 5 up as finished and time and price are squared on the 60 day cycle (I think- I'm not all that good at that Gann stuff. Tomorrow is a New Moon and 9Lives has a cycle turn.
Exhaustion moves in a bull run though don't usually just turn down without a distribution pattern first. Maybe we have been that pattern since 6th April?
I'm looking at the chart for the SPI.
Just throwing my two bobs worth into the mix though I did comment some days ago that I had sold out of most of my equities as I am not confident of further upside just at the moment and will wait till the market takes a much needed breather.
Would anyone else like to contribute to the mix.
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Last night the VIX actually closed negatively just outside the...
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