I would love to dive into more depth here, but I'd really have to start doing a consistent video series for that. I've been watching time cycles which I've charted on the vix and the SPX for a while and there's a very important region coming up near the end of January.
Those unfamiliar with cycle analysis should go study it a bit as this post won't explain it much. All I'll say is there's a trough/cycle end region coming up near the end of January or very early February, on the vix. The vix charts are messy and cycles are *not* perfect in real life, which is why you have to find a date range and watch price action closely around that time.
My overall picture on the S&P500 is bearish long term still, even after all of this. However, that does not mean it won't still go through big relief rallies first.
In fact, the S&P500 is due for a relief rally, some individual stocks already bottomed last year, some are bottoming now, and some have not bottomed yet. That's the problem with stocks, and index funds, that various stocks, usually by market cap, bottom at different times, and some may start moving up while the big ones continue dragging indices down. In times like this, it is in my personal opinion (NOT FINANCIAL ADVICE) that it's better to pick your own basket of stocks than to go with an index fund at this time.
Watch the cycles, they are broad ranges, but something is likely brewing in the vix by early February.
***This is not financial advice, and should not be taken as such what so ever. These comments are a reflection of my personal opinions and charting and should not be used in any way to make financial decisions. Do your own DD***
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