Wednesday, June 22, 2011
Keystone's SPX:VIX Ratio Indicator Above 68
Yesterday the SPX:VIX ratio moved back above 68, verifying the bullish fun. Now at 68.69, thus, if the ratio stays above 68, the market bulls will maintain buoyancy in the broad markets. If the ratio drops under 68 today, then the indexes will sell off large, the Dow Industrials should drop from 100 to 300 points. Watch it closely for the outcome.
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