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…