am still long guys
Quote from shortie:
RSI(5) is above 70 for VIX. the last 4 occurrences in the last 6 months marked S&P bottom practically to the day. there were a couple more occasions when RSI did not quite make it to 70 and those all marked S&P mini-bottoms.
i predict a broad market rally that will last at least a week starting this Tue or Wed.