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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

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Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Decorating the tree

Decorating the tree

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Wednesday, November 02, 2016

Day of Reckoning Approaches

As the SPX:VIX ratio approaches the 100 level, once more, it's time for equity market participants to take a stance one way or the other.

A drop and hold below 100 will indicate that bears are taking firm control and threaten to take the market down, while a rebound and break and hold back above 150 will indicate that bulls are committing fresh monies into equities. The Momentum indicator has dropped below zero again on the monthly timeframe, indicating that bears are currently in control of the SPX.

MONTHLY CHART SPX:VIX RATIO