A Big Move is Coming — Will It Be Up or Down? Having said that, the S&P 500 rallied yesterday to test major resistance at 3,100. The market is nearing the point of its rising wedge. A big move is coming, but it could go either way. The Volatility Index (VIX) is telling us the same thing, but in reverse. The VIX represents the premium investors are willing to pay to protect their portfolios from a market drop. When the VIX rises, it means investors are increasingly jittery. When the VIX falls, it means investors are increasingly complacent. The VIX today is a falling wedge formation. This too is warning us a big move is coming, but it could break either way. These two charts tell us a big move is coming for the markets. Will it be up or down? I don’t know. No one does. The smart play is not to guess ahead of time. Let the market show you, then make your move. Ignore those who tell you to bet the farm on uncertain developments. Focus on what the markets are actually saying. There is always opportunity. Let that opportunity reveal itself, and then hitch a ride. But be prepared. Best Regards, Graham Summers Editor, Money & Crisis |
Tidak ada komentar:
Posting Komentar