VIX Down, Market Up?

It looks like the market developed an undercut and rally with the SPDR S&P 500 ETF Trust (SPY) midweek, and that would also be defined as a “bear trap” since we closed on the lows Friday then reversed on Monday.

Some indications that there could be more upside with the market comes from the Volatility Index (VIX) – the “fear” index – being in an area that it typically reverses. Plus, negative Moxie Indicator™ divergence on the hourly chart supports the idea.

Let’s take a look at what to watch:

There are many economic variables influencing the stock market this year. How do you trade this ever-changing environment? Members of my Moxie Indicator™ Mastery Program learn how to combine fast-moving signals and track movement as the market adjusts to sudden changes. Join us as we keep up with how this market is moving!

Your Profit Pilot, TG


Move from reacting to predicting market flow. Join TG’s “Profit Pilot” E-Letter to get actionable insights from his chart analysis so that you can finally catch trends on time.

We will never sell your information to any third parties.