Taking a look at the daily VIX chart or the inverse to the SPX chart, we can see we are not at a top yet. The confirmation or warning sign will be more when we are down at the 14 region.
So far we are a long ways from that, and it will probably give more strength to any rally we see in the next month. For now, nothing has changed it is still buy the dip scenario.
WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED? CLICK HERE To Join Our VIP ELITE GROUP -- FREE 10 Day Trial Offer Today!