The VIX is telling me that the S&P is on its way to violating the current up trend starting a correction. I say this because when I look back to Feb. 1st 2010 the S&P started an up trend and the VIX started a down trend. The VIX ended up making a low at 15.23, from there the VIX began to rally and then violated its down trend. The S&P then followed by violating its up trend. The VIX triggered the start of the correction in the S&P. The recent low in the VIX was 15.22 and now has violated the down trend. Repeating the same pattern made from April - May 2010. I now wait to see if the S&P confirms by violating its current up trend.
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Good stuff, Mr Crudele....Following you on twitter as well. Hope to see you active there, if the market permits:-)
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