OK, indeed a bullish Monday again, those who bravely raised your hoofs last Friday (hmm, I didn’t see many who did), congratulations! However, take a look at the red cycles in chart below, whenever the bullish Monday bar was not so bullish bar, the next and even the rest of the week was not so good.
Also please don’t forget the statistics from Bespoke as shown below: Except the bullish Monday, the rest of the week was not so good.
And as for VIX buy signals I’ve been talking about, they’re not there yet.
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