I’d like to make a brief observation on the $VIX.
While the S&P (and now even the Dow) is trading at all-time forever highs, the $VIX is far from it’s October and November lows. This “cupping,” as I like to call it (red semicircles) often precedes spikes of some significance. Add to that the nice bullish wedge here and there are ingredients for a nice, big spike in vol. It’s respected the lower green trend line repeatedly.
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