With the
VIX
breaking the symmetrical triangle, see previous post, to the downside we're seeing high levels of complacency.
Much of this doesn't make sense but we've been saying for the longest times that markets are IRRATIONAL!
With #SPX breaking we could very well see a bigger push and faster. At the moment they are saying it's just a handful of companies leading, while there is truth in that, equal weight indices are beginning to push higher.
VIX
breaking the symmetrical triangle, see previous post, to the downside we're seeing high levels of complacency. Much of this doesn't make sense but we've been saying for the longest times that markets are IRRATIONAL!
With #SPX breaking we could very well see a bigger push and faster. At the moment they are saying it's just a handful of companies leading, while there is truth in that, equal weight indices are beginning to push higher.