I don't want to be pessimistic, but caution would be good!

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The Volatility Index of the S&P 500 (VIX) is a very good indicator of reversals in the S&P.

- If the red trend line is broken, the trend can change.

- The VIX has reached a new all-time low since 2019.

- On the 3-line indicator, the mid-trend and long-trend lines crossed bullish, which means the VIX can go up and will send the S&P down (orange line).

- It shows a rare bullish signal on the chart, which is bearish for the S&P.

If the VIX reverses, we could see a situation similar to December 2021.
I don't want to be pessimistic, but caution is advisable.

Penafian

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