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Attention, traders! The Volatility Index ( TVC:VIX ) is approaching an 18-month low, which could indicate a strong bullish signal for the market.
Background : Two months ago, in December 2022, I discussed the significance of the VIX dipping below the 20 level as a key milestone for a bullish market. Today, I want to dive deeper into this topic...
The the S&P 500 bear market statistics for the past 50+ years show that the average number of Failed Follow Through Days (FTDs) is 5. However, in the stagflation market of 1973-74, characterised by rising inflation and declining economic growth, there were a shocking 9 failed FTDs! If we exclude the two short bear markets of 1982 (only 53 days) and 2020 (V shape),...
Yesterday I cut half of my open positions.
Namely the digestion I was looking to get, in the obvious line of resistance (200DMA) is not acting as per model.
Historical Precedent
What is different is the way that the market digested the correction. I was expecting much more the a tight sideways digestion on low volume (green) but the action is not tight...
