The below chart shows, when both SPX and VIX closed in red the same day, 70% chances a green day next day.
But since VIX reached a new low again today while SPX still hasn’t reached even a SWING high, I see some similarities in the following chart.
So which one to believe, it’s your call. Personally I’m more willing to believe that this time we’re in that 30% chances which means a red Monday.
I still believe it’s a sell-able bounce according to “n vs n” rule. And since very short-term, QQQQ is extremely overbought, so perhaps betting on QQQQ to pullback next Monday is safer.
June 26, 2009 at 7:34 pm
June 26, 2009 at 7:50 pm
June 26, 2009 at 8:14 pm
June 27, 2009 at 12:51 am
June 27, 2009 at 12:54 am
June 27, 2009 at 3:08 am
June 27, 2009 at 6:52 am
June 27, 2009 at 8:39 am
June 27, 2009 at 2:25 pm
June 27, 2009 at 3:21 pm
June 27, 2009 at 4:42 pm
June 27, 2009 at 6:43 pm
June 27, 2009 at 9:47 pm
June 28, 2009 at 2:28 am
June 29, 2009 at 7:55 am