oops

S&P500 vs VIX - hangover part 2 ?

Short
SP:SPX   S&P 500 Index
1
feels like a deja vu, I did a similar thing back last Sep

I don't have a crystal ball and want tp pick a top here, but there is a first sign of negative divergence on the S&P vs RSI and the market completely ignores risk as VIX stands at or near historic lows ?

That makes vola too cheap in my view and given the fact that we had this wonderful and now stretched rally for how many weeks while forming a potential rising wedge ... it looks too good to be true.

worth a try despite vola curve is steep and not a clear reversal sign on the S&P , I go for it.

happy trading KP
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