Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 690.31

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Dec 26 4:00 PM EST

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To: yard_man who wrote (163863)	11/23/2021 11:40:55 AM
From: GROUND ZERO™	Read Replies (2) of 220814

The $VIX doesn't look bullish right now and it's moving further and further away from the safety zone... For the $VIX to undo the damage already done today and yesterday, it has to close today below 19.03 which is actually also today's low... The odds are not in favor of that happening... Considering the current level of overvaluation for this market and the famous FOMO Index needle all the way to the extreme far end of the spectrum, I think we could see a slow and steady erosion of market levels from here... Of course, I could easily be very wrong, but that's how I'm playing it since yesterday... GZ

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