Complacency And Risk-Taking Leap Into The Unknown

As of Friday's close the SPX:VIX ratio has now stepped into unknown territory, while momentum continues its unparalleled parabolic rise.

Further to my post of August 2nd, and as of 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...
 

 

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