Stock Market Technical Analysis Blog
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In the market today we started to see the sideways trend in the S&P 500 as the VIX has started rising, shown in the upper chart cluster. A little caution must be taken here, it seems like the mass of the traders feel like they are going to peg 1550 before it's over on the S&P but any time the majority think something is going to happen, that is usually when it doesn't. 1500 may be the top but it may take a few days to see if the VIX will settle back down or if it's giving us a warning right now.
Alan
