Short the Bounces in Stocks

SPX is giving an aggressive sell signal. Not much more to say. Take the usual precautions.

The VIX has given a possible aggressive buy signal. This is only a Wave iii of (i), so there will be a lot of whipsaw. It is still worth a partial long position or as a signal for the SPX..

The Hi-Lo has not declined beneath its mid-Cycle or 50-day supports. That may come in another day or so.

NDX has declined to its Short-term support at 5842.23. Again, we would want to short any bounces, starting here.

The Market Oracle

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