Revisiting the $VIX Reversal Signal
Last week, I wrote about the $VIX Reversal Signal in my post entitled “Follow the $VIX”. Well, we’ve seen the reversal in the $VIX come to fruition, but is the market ready to follow?
Follow the $VIX
The Volatility Index ($VIX) fired off the first step of a key reversal signal after yesterday’s close – one that could spark the next buying opportunity in the broader market. Let’s take a look!
H&S Forecasts 860 in the S&P 500
With the recent retracement in the S&P 500, talk of the developing head-and-shoulders pattern is likely to take center stage once again. Since the pattern forecasts a target of 860, it doesn’t hurt to take a look.
To Break, or Not to Break?
The bulls and bears have been battling it out at the pivotal 1,040 support level for the greater part of eight months. The question on everyone’s mind: Will the level be broken, or not?