Did you happen to notice the rather sudden drop in the market right after noon EDT today 9/14/18 ?
Well the VIX has just broken OUT of a steadfast downtrend line on the 2 Hour Chart from it's recent high at 15.29 OPEN on 9/7, with the S+P at 2868 at the peak. Downtrend has now been reversed.
Put another way, the trend line rally in the S+P all week has now been.broken. One should expect more downside ahead now in the S+P, and perhaps the other major indices as well.
THE_UNWIND
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