It's interesting as I'm reading more and I'm seeing the household survey fell -355,000 while they claim to have created +227,000 in the establishment survey.  Hmmmmmm who to believe.....

The purple cumulative volume and the red advance-decline line for the SPX are diverging with the index black line, so unless they "heal" in pretty short order, the risk rises. 

The risk window today may have caught a double top turn down which jives with the divergence problem above.  Hard to see how it wriggles out of this mess unscathed, so by the pricking of my thumbs...

Regards,

Douglas

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If the VIX closes anywhere near here, it's going to issue a Swing Sell. This time of year, it's probably not a great Idea to short, but some care is likely warranted.

Hourly UVXY is on a Sell for the market and has been for a while.

In retrospect, it would seem that the $15,000 level back in 2022 was a great buy point.

Still a long ways to go...especially with multiple ETF's likely to be introduced next year.

Fib