Below are two charts of the VIX that show the general view. Given the weekly chart it looks like we are competing our diagonals and that is also reiterated on the daily chart. There are a few options for support and we are currently sitting on one of them.
I use Multicharts Charting and Backtesting Software.
I post high resolution charts made with Multicharts and Adobe Illustrator. Click on chart for a more detailled view.
If you do wish to contact me or have any questions you can do so at m3analytics@gmail.com
10 Friday AM Reads
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My end-of-week morning train beach reads: • Howard Marks on Tariffs:
Repealing the Laws of Economics: Tariffs are, primarily, an effort to cause
goods to...
How Government Helps to Create Congested Traffic
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The standard argument for government services is that only government can
build enough roads to meet transportation needs. However, the disconnect
between ...
Friday: Philly Fed Mfg
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[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Friday:
• At 8:30 AM ET, the *Philly Fed manufa...
S&P500 Alternate Count and Deflationary Forecast
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The preponderance of the evidence certainly points to a final peak in
equity prices. What follows should be the most severe deflationary stock
market cr...