The SPX:VIX ratio moved above the 35 level at 12:40 PM EST yesterday indicating that a huge up day was in store for the broad markets. The SPX finished the day up 33 points, or 2.9% and the Dow Industrials finished the day up 276 points, or 2.5%
The SPX:VIX ratio now sits at 35.91. As long as it remains above 35, the broad market bulls rule, if it drops under 35, that signals that the bears have regained control of the markets. Watch it closely today.
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