Topping action looks promising based on Friday's lower high in SVXY where a Friday closing marginal -5% movement ratio in SVXY down vs actual volatility gain likely indicated an overbought set-up. This leaves room for SVXY to decline. However it is often more reliable to see a matched pair of turn signals based on combined volatility derivatives to confirm a market decline in the coming sessions. This could happen if the SVXY high of 9/2/21 is not taken out in the meanwhile.
The market may or may not print new highs [SP-500] vs volatility derivatives. That would be typical. Also- breadth is now 6 weeks into negative red signal territory however a little more daily degree divergence in cumulative breadth might look better.
The declining solid line overlay shows a VectorSpike internal indicator printing bearish divergences.
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The bots will flag here when they see a top. (1/25/20, 2/20/20, 4/9/20)
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