The TVC:VIX hit a retracement level today that is drawn based on the VIX high of March 4th which was the most recent major swing low of the year on the SPY. The VIX, otherwise known as the "fear index" can be often be used to time the movements of the SPY and the broader market as it has an inverse relationship.
Do you see it breaking through resistance and moving toward correction levels? Most large cap businesses seem to be doing better than ever before right now yet their stocks are dropping like rocks. Not sure if we will see a full correction or just a minor dip.
norok
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@ATSpain, On any given day over the last 120 years it is generally best to be long.