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Here is an excerpt from our trading plan.
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Surge6 is winding down and Dip6 is coming soon
Yesterday Monday we wrote: “$VIX $VXN are starting a pattern that indicates the beginning of a small rise coming up.” And that is what $VIX $VXN started doing today.
When it comes to market internals, $VIX $VXN are the most sensitive and the most reliable indicators. So it’s important to pay attention to their messages. And the message right now is that Surge6 is winding down and Dip6 is coming soon.
We are likely to see $SPX $NDX $RUT bounce around in the price zones below while $VIX $VXN continue to climb up. Keep in mind though that the climbing will not be a straight line. And the price bouncing around will be just that - bouncing around.
The rest of this article covers:
Surge6 is winding down and Dip6 is coming soon (more)
Dip6 possible Monday 7/22
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