robocta
Short

SP500 VIX Spikes 2008 vs now

FX:SPX500   S&P 500 index of US listed shares
53 0 0
a year ago
Caution time for INDEX:SPX             trading. Comparing recent price actions with INDEX:VIX             volatility index the same premisses seems to be developing while comparing with the same time of the year, technical conditions of the 2008 bear market.
a year ago
Trade closed: stop reached: First ligth resistance at 2035 ish has been taken down.

Coming next big resistance at 2140 ish. Plus increasing pressure over weekly and monthly divergences. SHORT with caution. I still favour short but on the side lines now. However the higher this goes the faster will the descent.
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