Cobra's Market View Private Messaging System shows:
Just for your references, doesn't mean if I agree or disagree. As usual, everything in my blog is based on the fact. My goal is to present them and it’s up tp you, my dear readers, to decide whether to trust it or ignore it.
One additional thing I noticed that the last couple of weeks had rising $SPX and $CPC (10 day MA), but dropping $VIX. The only times I saw it before was Feb 08 and Aug 08, just before a crash. Have you seen that?
Here's the chart as a supplement of the comment.
As I’ve been saying, I believe that CPC is a leading indicator not as most believed a contrarain indicator.
As per request, the seasonality table.