Find SPX bottom with the VIX (2011 comparison)
This chart has been inspired by Tony Dwyer idea that there should be a retest of the 40 levels on VIX by the end of September/October.
In 2011, we were more or less in the same situation, we saw VIX climbing above 40 a first time and then a second time later.
This hypothesis suggest market is still not ready to be 100% bullish before testing again the lows of August.
So I would wait to see a retest before taking new long positions on Equity market.
In 2011, we were more or less in the same situation, we saw VIX climbing above 40 a first time and then a second time later.
This hypothesis suggest market is still not ready to be 100% bullish before testing again the lows of August.
So I would wait to see a retest before taking new long positions on Equity market.
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