The level of VIX
is very low. MArkets appear very confident and we can say over confident. However, as I have mentioned few days ago comparing VIX
, the are initial sign of a reversal trend. It is ofcourse too early, but one should keep in mind that STOCH
as well as the move of the candles suggest that we may well be at the initial pahse of a bull
which would mean that DOWI
NASDAQ and SP500
may go down.. at least a little bit....