Further to my post of August 2nd, and as of today's (Friday's) close, the SPX:VIX ratio, has now stepped into unknown territory, while Momentum continues its unparalleled parabolic rise, as shown on the following 20-Year Monthly chart below.
The gaps shown on the updated 60 minute ratio chart below remain unfilled...just a reminder of what I said...
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UPCOMING (MAJOR) ECONOMIC EVENTS...
* Thurs. Aug. 24, Fri. 25 & Sat. 26 ~ Jackson Hole Economic Policy Symposium -- (Fri. @ 10:00 am ET ~ Janet Yellen speaks)
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* Mon. Sept. 4 ~ Labour Day holiday...U.S. markets closed...Canadian markets closed
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* Tues. Sept. 19 ~ 2-day FOMC Meeting Begins
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* Wed. Oct. 11 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Tues. Oct. 31 ~ 2-day FOMC Meeting Begins
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* Tues. Dec. 12 ~ 2-day FOMC Meeting Begins
* Wed. Dec. 13 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference