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In a bull market, I’d agree, but patterns in whipsaw bear markets are flipped on their head…If you believe a 20 VIX in this environment is going to provide enough fuel to power this thing thru the sloping downtrend line, then you’ll be proven correct…I think they’ve probably flipped enough bears...

Akin to the constantly speculated “Fed pivot” which would be completely in line with the machinations of the 2000-20 Fed.

100% pure ego