I decided to look at the markets from a fear and greed factor, fear mostly. Fear equals volatility
, or the VIX
. So if we can agree for argument purposes that the mirror image of the VIX
is the inverse SPX500
, then we observe the 2088 spike in the VIX
will be 7 years old (2555 days) on AUGUST 24, 2015. Does 7 years make a bull market? I still feel May 18th was the market top. Forming a rounded top, to implode this fall, and I wont speculate why or the factors that cause it, history will explain it in detail. You might say, you day trade so who cares about these time frames, but you have to factor them in, like driving car, don't just watch the car ahead of you, watch three cars ahead to avoid an accident. And, you might say that's foolish, but how many times have you trusted the charts and not the news, and profited (that's rhetorical), only to find out it wasn't the most dominant headline, but the ones that came out later that caused pivot points
or corrections. Escape velocity will be to escape the pink box we have been for 1008 days. Always just IMO
. Trade safely.