In taking a look at the daily chart of the VIX and noticing its somewhat firm look (as opposed to a continued plunge) I expected to find a divergence warning when pulling up the second chart (Inverse SPX with the VIX). I guess I am looking for reasons to take more profits.
But there is no divergence here between the VIX and the inverse of SPX. It’s not to say that the coast is clear. Just that an indicator that warned of previous corrections, including the 2020 market crash, is not on a warning at this time. VIX is in line with inverse SPX.
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