You might wanna have a look at DXY divided through SPX (DXY/SPX), i found it to be quite insightful, as you can clearly see a pattern that can be useful to predict a turn in trend. So it comes as convenient, that we are exactly at the bottom of the channel we might have one, two or even, possible but unlikely, three insane rally weeks, but thats it, the Bearmarket will come after that. At least the chart tells me that. So you might want to take precautions and get ready for the last insane rally, which will eventually kick of the drop.
@maililnur, we might, it might be weeks, who knows, whats certain is that when it goes south the vix will skyrocket like stupid ;)
maililnur
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@fmkatz, I’m waiting for VIX to go up as well. But now with new relief bill and paychecks coming I don’t foresee any change in direction. We may see little volatility during bill confirmation process. But COVID cases are going down and people still at home and don’t spend much except moving cash to stock market.
poister198
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It will end some time... but definitely not this year!
fmkatz
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@poister198, We'll see, the chart indicates otherwise, but who can say for sure.