The red candle was the high bearish sentiment day like last night's.
This is the 4th push thru the VIX:SPX 20 EMA.
The other 3 quickly turned back down and the bull continued.
Seasonally, this one shouldn't.
http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=1&mn=2&dy=0&i=p91507090784&a=27927380&are=6259.png
Edited by Rogerdodger, 02 September 2009 - 09:41 AM.










