S&P500 Update: Bumpy Roads Ahead?

In last week’s update, when the S&P500 was trading at SPX2735ish, I found “the current downside could be nearing its end as price is getting very close to the wave-iii/c of wave-3/c target zones. Why do I label the current price action as both letters and numbers? Because to remain intellectually honest one must as…

S&P500: Shake ‘n Bake Baby!

The markets were down significantly in the morning and overnight with the Futures hitting as low as 2883… Surprised?!? Rally off the December low over?!? Well, to answer the first question: For my premium members today is really no surprise at all. Why? Well, I can’t claim I get it always right, NOBODY can, but…

S&P500 Update: Fibonacci in reverse!?

Remember my posted from October in which I showed the picture-perfect Fibonacci-impulse-pattern the Russell2000 had followed through most of 2018? Well, let’s apply Fibonacci again but now to the S&P500 and in reverse -looking down instead of up- to help assess downside targets and upside-reversal targets for the current Bear Market we are experiencing. And…

Is a VIX below 11 bearish for the market?

Many market pundits have pointed out the low VIX over the past weeks, with the last three days even below 11, as a reason of a pending (large) market correction because traders and investors are supposedly “complacent”, and “without fear”. But, is that the correct assessment? We think it is not. Why? The VIX is…