The Market rallied right at the start but then it sold off within an hour. I expected the selling to continue because the VIX was still negative, pointing to traders buying hedges. Right at 10:30 am ET the market turned up again and rallied the rest of the day. Despite VIX still being negative, it is slowly turning the odds to the bullish side. Nevertheless, I still am cautious about this trend.
If you want to learn more about our SPX weekly analysis, subscribe to our weekly newsletter.
This post first appeared on Investing Into Stocks - Hello Suckers!, please read the originial post: here
