Still will keep a caution flag up. Problem Vix sell is at a higher then normal level and 2 the seasonal are very bullish,3 a 1 day sell you got to be fast and nimble.
We need to be cautious here. No sell yet ,but the $Rut out performing could mean that the big stocks will be flat, and it is catch up time for the small caps ( my hope). Or it could be a considered speculation running wild.
Lets look at the 4.94% model and the charts shows it could be real greed.
The ATR is also about where I have my support line.
Looking at the $VIX just notice where the circles are located.
Once the bars cross the green MA it's a sell signal. I only point this out because today's bar is right on it.
I think you will know soon where we are going.
So FWIW Jerry O
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