As the SPX:VIX ratio approaches the 100 level, once more, it’s time for equity market participants to take a stance one way or the other.
A drop and hold below 100 will indicate that bears are taking firm control and threaten to take the market down, while a rebound and break and hold back above 150 will indicate that bulls are committing fresh monies into equities. The Momentum indicator has dropped below zero again on the monthly timeframe, indicating that bears are currently in control of the SPX.
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| MONTHLY CHART SPX:VIX RATIO |
