Complacency & Risk-Taking Leap Into The Unknown

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Further to my post of August 2nd, and as of today’s (Friday’s) close, the SPX:VIX ratio,  has now stepped into unknown territory, while Momentum continues its unparalleled parabolic rise, as shown on the following 20-Year Monthly chart below.

The gaps shown on the updated 60 minute ratio chart below remain unfilled…just a reminder of what I said…