Been 4 days since my last post on the subject and what has the SPX done- down 3 points. Sideways movement it certainly is.
Here is the updated VIX chart :
Since this blog is all about inter-market relationships, I thought that it would be prudent to support my view with a chart of the US Dollar.
As you know that USD and Stocks tend to move in opposite directions on the graph, I put up this chart of the co-relation :
The lower TL will have to give way for the upmove in stocks to continue.