A drop and hold below 122.50 could signal further downside to come in the SPX.
Wednesday, May 22, 2013
SPX:VIX Ratio -- Where's the Exuberance?
Today's action, so far (it's just after 11:00 am EST), on this Daily SPX:VIX ratio chart is NOT confirming today's exuberance in the SPX. Furthermore, the Momentum indicator has dropped below the zero level, hinting at further weakness.
A drop and hold below 122.50 could signal further downside to come in the SPX.
A drop and hold below 122.50 could signal further downside to come in the SPX.