One trick today: when both VIX and SPX closed in red on the same day, 25 out of 33 times (76%) a green day the next day.
The bottom line:
- I don’t think the low today is THE LOW.
- We may see rebound for a few days (hopefully).
I’ll present some evidences to coax you into believing so in tonight’s report.
For my fellow Canadians, Happy Canada Day!