nsprph

SPX AND VIX LOOKING FOR THE BOTTOM THIS MONTH TO 6 MONTHS OUT.

CBOE:VIX   Volatility S&P 500 Index
EXCEPT FOR 2008 ALL OTHER MAJOR BOTTOM SIGNALED WHEN VIX HIT THE RED BOX. ONCE THE VIX HIT THIS AREA SPX BOTTOMED THAT MONTH OR MAX 6 MONTHS OUT. THEN SPX BOTTOM WAS ALWAYS SLIGHTLY LOWER THAN THE VALUE OF THE SPX ON THE VIX TOP BY ABOUT 1.5 TO 3.7% (ABOUT 2818 TO 2753) , THE OUTLIER WAS 2008 WITH 21% LOWER WHICH IS ABOUT 2237 LEVEL.

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Great analysis.
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Nice analysis. I think 2800 is about right. The coronavirus scaremongering has done its job. SPX is currently back to where they want it, that being the top of the ascending triangle that broke out prematurely OCT 19. Bull run likely planned to hit next unprecedented bull run/leg after the 2020 election.
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