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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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Dots

...If the dots don't connect, gather more dots until they do...

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Wednesday, May 22, 2013

SPX:VIX Ratio -- Where's the Exuberance?

Today's action, so far (it's just after 11:00 am EST), on this Daily SPX:VIX ratio chart is NOT confirming today's exuberance in the SPX. Furthermore, the Momentum indicator has dropped below the zero level, hinting at further weakness.

A drop and hold below 122.50 could signal further downside to come in the SPX.