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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...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

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HAPPY FATHER'S DAY

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Thursday, May 22, 2014

SPX:VIX Ratio ~ Pushing it to the Limit

Further to my post of May 8th, we can see from the following Monthly, Weekly, Daily, and 60-minute charts of the SPX:VIX ratio, that the bulls are pushing the SPX to the limit, in terms of major resistance on the price ratio, as well as the Momentum indicator.

In spite of the new price-ratio high reached today (Wednesday), momentum has yet to confirm any bullish breakout on all four timeframes...one to watch closely over the next few days. In any event, any breakout may be short-lived, in order to relieve an overbought situation at historically high levels in momentum.