As you know, we have many charts and indicators advising of a still bullish market at high risk. I thought I’d add another to the pack. This is a simple chart of the VIX and SPX, showing a few historical situations along with today’s situation as a thinning market fades underneath the sexy AI stars and a few other select items that appear to be blowing off to the upside.
While there have been no profound divergences prior to market corrections, the VIX has shown a tendency to at least flatten out with a positive bias while SPX makes a top of minor or major degree. It is doing that currently.
