From McClellan Financial:
That +386 Oscillator reading back in January 2009 offers us a great case study to amplify this point. On the RAMO, that was a +122 reading, so the most recent RAMO reading of +105 is comparable. That January 2009 Oscillator spike was not the start of a strong new uptrend, although it felt like it at the time for a lot of people, and then prices went on to fall to a lower low in March 2009.
From Quantifiable Edges:
Monday was the 2nd day in a row where the SPX and VIX both closed higher. For those unaware, VIX is a measure of options . It most often will trade inverse to the SPX . So it is unusual to see both SPX and VIX close higher. It is especially unusual to see this happen 2 days in a row. And even more so when SPX is below its 200ma. Early indications from this setup suggest the market could experience a sharp drop in the next few days