(Video length 00:08:59)
The $VIX flashed a warning flag early in the week as it began to diverge from the S&P 500 which is not normal. Yesterday the consequences of this divergence on the stock charts became a reality.
VIX Flashes Warning Signals
The VIX flashed a warning flag early in the week as it began to diverge from the S&P 500 which is not normal.
Disclaimer:
We leverage our knowledge of the appropriate trading strategy for the current stock market environment. Bob Desmond the President of The Contrarian Trader is a top ranked stock market technician who is renowned for using stock charts and technical analysis by calling a top in Bitcoin and the S&P 500 and a bottom in Gold in 2017. We perform technical analysis of the charts using candlestick charting. Indicators used are the relative strength indicator as well as the stochastic. We are very bullish on the gold stocks and very bearish on the US Dollar.
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