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Dr_Roboto

VIX/SPX indicator showing possible correction this week

VIX/SPX  
Dr_Roboto Updated   
VIX/SPX  
Trend Analysis SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) IVV DJI NASDAQ 100 CFD
34
17
trendanalysis spx spy ivv dji ndx
See notes in chart and info in past ideas.

Chart of S&P today also seems to be supporting this idea. SPX tested the 1.236 fib and was strongly rejected, which also tested the top of the down channel. It seems to have broken out of its rising channel at the end of the day and closed below that strong pink down channel trend line.
snapshot

Can the FOMO really keep this thing going higher?
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Comment:
12/31/2020 - Last day of 2020 and this VIX/SPX indicator is still slightly up and has not resumed a downward trend.
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