Seeing some turbulence coming in the markets. I was skeptical as to why we were getting a bull run since the tail end of March when the world is still doom and gloom right now (riots, coronavirus, etc.). Seems like the market is finally starting to price this in. I am seeing a spike coming in the VIX as well as the DXY, and I am also seeing a down move coming in the S&P500. This gives me the feeling that investors will want to be mostly in cash in the short term (so getting out of stocks, gold, etc). Not sure yet if we will get back to the lows of March, but it's quite possible if we are going for a deeper correction longer term. I need to see the Sell flag play out (the ABC I've drawn) to be more convinced. Goal is to sell from the $3090 nominal level when we get to the end of Wave C and possibly take profit around $2000-$1800 level.
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