A Mirror Pattern in Vix

I thought I would share this chart of the $VIX where I copied the previous pattern of extreme volitility 2002-2008 then superimposed it. While the internal peaks aren't exact, what I find interesting is that peaks in volatility correspond to cycle work that conclude the bear market surrounding 2015-2016. 

One More Peak In Equities?  

As of this post, my counts for the S&P and DOW can be found here . I have not had an opportunity to update the charts to reflect most recent price action. While the post election bear raid was significant, At the monthly chart level, I'd be hard pressed to consider the decline from 1468, as significant, given that the market has only managed to retrace .382 of the advance from 1262.

Let's leave it there for today. Stay Tuned.


Best of Trading

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