The market has in the last few years observed the VIX below 20 and above 35 close to 40 and given the market a defined range, its again time for those that follow the Vix as a barometer to decide whether the current rally in the S&P holds here or hereabouts and continues within the range, or its time for the bulls to take control and push the market higher.
the next week will determine this point but remains hard to fight the Fed in my opinion so anticipate the market finding a top between 4000/4100 and have another look at 3940 and possibly 3800.
good luck and happy hunting
the next week will determine this point but remains hard to fight the Fed in my opinion so anticipate the market finding a top between 4000/4100 and have another look at 3940 and possibly 3800.
good luck and happy hunting
Mark Langley
