SP500 VIX Spikes 2008 vs now

Caution time for SPX trading. Comparing recent price actions with VIX volatility index the same premisses seems to be developing while comparing with the same time of the year, technical conditions of the 2008 bear market.

Transakcja zakończona: osiągnięto poziom stop:

First ligth resistance at 2035 ish has been taken down.

Coming next big resistance at 2140 ish. Plus increasing pressure over weekly and monthly divergences. SHORT with caution. I still favour short but on the side lines now. However the higher this goes the faster will the descent.