Hi.
My point is that using the 9 Seasons Rainbow indicator, the SPX and VIX charts look particularly inverse dependent.
SPX shows crazy overbought (lime bars) and correction
In contrast, the VIX shows strong support (blue bars). In addition, the candlesticks began to overcome the Kumo cloud.
I am still confident that the main reason for the SPX rising to the 4450 level was the manipulation, because the overhang of the shorts was unprecedented. And the market went against expectations in order to cut that uncomfortable expectation.
Now liquidations have occurred and we see a very small red pinbar.
At least to the level of 4100 we need to go down.
My point is that using the 9 Seasons Rainbow indicator, the SPX and VIX charts look particularly inverse dependent.
SPX shows crazy overbought (lime bars) and correction
In contrast, the VIX shows strong support (blue bars). In addition, the candlesticks began to overcome the Kumo cloud.
I am still confident that the main reason for the SPX rising to the 4450 level was the manipulation, because the overhang of the shorts was unprecedented. And the market went against expectations in order to cut that uncomfortable expectation.
Now liquidations have occurred and we see a very small red pinbar.
At least to the level of 4100 we need to go down.
Comment:
Greed 84!