When the market opened yesterday evening I noticed the bonds were opening higher and the VIX had opened above the 10 day moving average. Those would be the top two charts in the below photo. That should be a warning that fear is once again coming into the stock market.
I wondered if that was a warning sign that we would be getting our half cycle low. Looking at the Bonds and VIX chart a day later (the bottom two charts) you can see that the bonds and the VIX appear to be closing off their highs at the same time stocks are up off their daily lows. This is probably a sign that the half cycle low was made today.
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