PC - VIX - Chart posted Last week got triggered today!
Our forecast for the PC chart (explained in a previous post earlier) was triggered today!
What does this mean?
We have had every market sell begin with this trigger identified.
Please look at this chart or the one posted last week and play with the advance chart key to watch the action as the PC ratio helps us identify the Market top
> we may have seen the top last week as published before.
Lets give the market a few days to leave us with an observable "top"
VIX picked up today and broke out of the Parabolic curve we mentioned.
The Market is really starting to crack.
We might see one last "Throwover rally" in the next few days, so after a pullback (breakdown?) We would be selling into strength
We are now bearish the Market.
What does this mean?
We have had every market sell begin with this trigger identified.
Please look at this chart or the one posted last week and play with the advance chart key to watch the action as the PC ratio helps us identify the Market top
> we may have seen the top last week as published before.
Lets give the market a few days to leave us with an observable "top"
VIX picked up today and broke out of the Parabolic curve we mentioned.
The Market is really starting to crack.
We might see one last "Throwover rally" in the next few days, so after a pullback (breakdown?) We would be selling into strength
We are now bearish the Market.