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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

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* 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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* 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...

Dots

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NOTABLE POSTS WITH IMPORTANT UPDATES...

Monday, May 11, 2015

SPX:VIX Ratio: The Next Hurdle

170 is the next major resistance level to be overcome on the following Daily ratio chart of the SPX:VIX. This appears to be "make or break" time for SPX Bulls. 180 and 192 represent the next and final major hurdles (set in 2014) that will need to be overcome before Bulls can comfortably feel that volatility has been quashed while (if) the SPX resumes any kind of sustainable uptrend.


The following 60-Day 60-Minute chart of the SPX:VIX Ratio shows last Friday's large gap that will, ultimately, need to be filled at some point, since gaps on this timeframe tend to get filled.


As mentioned in my post of March 29th, 2100 is the "froth" level that the ES (S&P 500 E-mini Futures Index) will need to overcome. In the process, it will have to overthrow major resistance, which is formed by a double Fibonacci confluence level. At the time of writing today's post, price has yet to break and hold above Friday's high of 2113.50 and the all-time high of 2119.75 set on April 27th of this year.


Are volatile swings over with now? I wouldn't rule them out just yet until we see the above-mentioned levels comfortably broken and held...and backed up by larger volumes to support new money entering equity markets at these historically-high levels.