Last time I posted I said the market would be stuck in a range. Back then it was around 4,000. Then we tried the upside, then went down to 3800 and after that broke 4100 and now stuck again. Two months. OK.
I also thought that S&P would try the downside first. That didn't happen.
The range is about to end. VVIX and vol analysis in general is telling me that we are about to move. Which way you ask? 70% down 30% up. But actually who cares? Banks and hedge funds are not happy with the upside. Retail can carry it for a while but they can't sustain a long term move up or down.
Internals have improved. Sentiment is all over the place. Macroeconomics are questionable.
The market is about to move! Let's go! A trend is coming our way soon.
2+2=3
