Why I think the markets will pull back shortly:
- The black lines in the volume chart showing declining volume on runs throughout the year. Pretty low relative volume currently on this latest run to new highs
- Extended above the moving averages, It certainly looks like it will come back to the major moving averages
- RSI is very high (although it can stay pegged out for extended time periods)
- VIX making new lows everyday, exact opposite of the RSI
- World events happening normally would've sent us into panic mode. Why not now? Rate cuts? Plunge Team Protection? :)
RSI and VIX are almost polar opposites exactly to the tick, neat observation I noticed.
VIX OPTIONS EXPIRE 11/20, so maybe they want to collect some premium?
- The black lines in the volume chart showing declining volume on runs throughout the year. Pretty low relative volume currently on this latest run to new highs
- Extended above the moving averages, It certainly looks like it will come back to the major moving averages
- RSI is very high (although it can stay pegged out for extended time periods)
- VIX making new lows everyday, exact opposite of the RSI
- World events happening normally would've sent us into panic mode. Why not now? Rate cuts? Plunge Team Protection? :)
RSI and VIX are almost polar opposites exactly to the tick, neat observation I noticed.
VIX OPTIONS EXPIRE 11/20, so maybe they want to collect some premium?