At the close of trading November 23rd the hourly VIX had a divergence vs. the SPX higher high.
This implies a top could be near for the SPX.
Watch the Intraday VIX on November 25th. If the divergence continues it will be more evidence that the SPX could be about to turn down, especially if after the close the daily VIX has a divergence vs. a higher SPX.
Mark
This implies a top could be near for the SPX.
Watch the Intraday VIX on November 25th. If the divergence continues it will be more evidence that the SPX could be about to turn down, especially if after the close the daily VIX has a divergence vs. a higher SPX.
Mark
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