2:33pm EST: VIX is right up against 16.02 with a gap at 16.02 - 15.72. The market will likely 'nickel and dime' it's way into a turn signal which is typical behavior at tops with everyone cooing about record highs.
ES cash and SP-500 hitting new highs, SVXY is not yet but the 5-month pattern is trending down so it may not matter whether volatility derivatives do follow or not- a divergence still exists either way. A turn signal will likely resolve the issue.
Expecting a crossover down to begin on SVXY daily indicators any time in the coming week[s]. A subsequent turn signal print could create fireworks when that happens. Inset at chart right is an August thumbnail close up.
See previous post for overall critical perspective view.
VIX has a daily gap at 16.02 - 15.72. Current cash low is 16.11. Probably this will require closing so that's going to be the waiting game at the moment whatever else happens in the meanwhile.
See Critical Long-Term UPDATED 4/12/2021 Review Here
The bots will flag here when they see a top. (1/25/20, 2/20/20, 4/9/20)
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