The SPY/VIX ratio chart, with 'Elder Impulse'..which I tend to call the 'rainbow chart' style.
I've tried different indexes, and they all broadly look the same, so I'll just stick to using SPY/VIX.
Is it really this simple?
Despite all the hysteria on clown channel about Dow 13k, NASDAQ 3k, and SP'1370+....is it really this straightforward? A standard H/S, suggestive of a return to lower levels?
Look at what happened each time when this thing maxed out, ohhh, that's right, April 2010 (mere weeks before flash-crash), the May 2011 high, with the following end July 'twelve days of fun' rollover. Anyone fancy hitting the 'buy' long button whilst looking at that chart?
Of special note, the 5.0 level, if we only get a minor retracement in the coming days, I'd look to that level as to where the breaks come on and when the algo-bots start buying up every move lower.
*For details on what the zigzag chart style is about...
see: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:zigzag
Hope these two mini bonus posts of the day were interesting, don't forget the two earlier ones though!
Goodnight