Do not lose sight of the unfavorable volatility... It's being ignored for too long...
The months of September and October are generally not good for equities...
We have two possible outcomes...
Blow off top in equities, sending VIX to all time lows, under 12.
OR
We start the rise in volatility right about here...slowly...quietly...
the MACDH near the 0 line is when big moves occur...and MACDH is at 0 now.
tb
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