Are you enjoying the high drama with Keystone's SPX:VIX Ratio Indicator today? Above 68 and market bulls win. Below 68 and market bears win. Even if the ratio moves above 68, it is only a matter of time before it comes back down thru in concert with another large sell off day. The ratio is starting to lose ground now, the Dow Industrials lost the 12K number again, continue to watch the 68 level. If the ratio stays under 68, that means continued bearishness in the indexes and broad markets for the weeks and months ahead, even if the markets experience any pops. Rallies would be sold. Keep on watching and further information is always available on Keystone's Market Turn Signal page.
Note that the 200 MA is 67.86 so a move below this level indicates further bearishness and price plans to stay sub 68. SPX:VIX ratio last print at this writing is 67.05, favoring the market bears.
Note that the 67 level is pierced lower at 11:09 AM EST.
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