Bingo, we have waited and watched and today is the day that the SPX:VIX ratio lost the 68 level at 11:06 AM EST. The market bearishness today is the real deal.
Broad markets will be down large today as long as this ratio stays under 68, the Dow Industrials are typically down on these days between 100 and 300 points.
In addition, watch the NYA 40 week MA cross, a secular market signal. The two-year secular bull rally is on the verge of failure. The NYA 40 week MA is 8001. NYA price is 8014 at this writing, only 13 points above failure which will signal that the markets have fallen back into a secular bear.
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