Market's don't V bottom, so, take a look at recent bottoms in any index, and that is the target to which you want to buy from.. Also to note, we have rising MACD which is bullish (look at SPY/XLF/QQQQ).
So if we can add falling price to these indicies, accompanied by rising MACD, we have bullish divergence. THAT is what I am waiting for..
The opposite is true for the VIX. We have a rising price, with a modest moving MACD, so, new highs in the VIX, with falling/flat MACD would be bearish divergence. Which would be another buy signal...
Stay nimble...Stay patient...Stay tuned...
tb
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