This will be a quick post as today we are witnessing something in the market that could prove to be bullish for the S&P500 in the near future. Most importantly, this could be a move that FINALLY leads to a definitive direction for the markets and that is in the fact that the S&P500 Volatility Index today has broken its trend that we have been in and now appears to be heading down toward lower, less volatile areas.
The ultimate goal we would like to see is a retest and eventual breaking of the 15 basis point level. A breaking of this level would mean a return to the ultra bullish buy-and-hold area that we are accustomed to seeing the market trade in.
If this occurs it could be fun times ahead for S&P500 stocks.
The ultimate goal we would like to see is a retest and eventual breaking of the 15 basis point level. A breaking of this level would mean a return to the ultra bullish buy-and-hold area that we are accustomed to seeing the market trade in.
If this occurs it could be fun times ahead for S&P500 stocks.
