Cobra's Market View Private Messaging System shows:
SPY, UUP and VIX have carved out a reversal bar on the daily chart, it seems like that the market is ready to reverse its course here except for one thing: both VIX and SPX were up today. From the chart bellow we can see (dashed vertical lines) that 7 out of 8 recently when both VIX and SPX were up on the same day, the next day wasn’t very pleasant.
