The week hasn't ended yet, but it seems quite clear that we broke a 5 year old trend line to the down side.
This may very well implicate that we will NOT get a major crash (this year) and the SPY will rise further.
The other scenario is that this is a MAJOR TRAP.
But then the VIX will have to reverse within the next 1 to 2 weeks.
This may very well implicate that we will NOT get a major crash (this year) and the SPY will rise further.
The other scenario is that this is a MAJOR TRAP.
But then the VIX will have to reverse within the next 1 to 2 weeks.
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