One spike below 12 initiated the biggest rally in history
When $VIX spiked below 12 earlier this month, I wrote to my members that this could be the signal of a major shift in world markets trend and huge opportunity in VIX.
Today the VIX experienced the biggest spike in history.. and it did that without real cause..
It just another signal showing you that the bulls days are probably over and although we should probably expect another run higher, it isn't the 2009-2014 market anymore and that's what I've been saying since Jan 2015.
One little False Break in VIX was enough to break major trend line and the daily 200 MA line in $SPX and provide the longer term confirmation signal I was waiting for to confirm my bearish bias
Today the VIX experienced the biggest spike in history.. and it did that without real cause..
It just another signal showing you that the bulls days are probably over and although we should probably expect another run higher, it isn't the 2009-2014 market anymore and that's what I've been saying since Jan 2015.
One little False Break in VIX was enough to break major trend line and the daily 200 MA line in $SPX and provide the longer term confirmation signal I was waiting for to confirm my bearish bias
