These charts show the cracks in the stock market are widening
The S&P 500 Index is in a downtrend and has broken multiple support levels, with technical indicators pointing to further weakening. A new McMillan volatility band buy signal has occurred, and investors are advised to buy calls and puts on certain stocks with caution.
The S&P 500 Index is in a downtrend. It has broken multiple support levels and closed below its -4 modified Bollinger band. A new McMillan volatility band buy signal has occurred. Investors are advised to buy calls and puts on certain stocks. The trend of VIX sell signal remains in place. The construct of volatility derivatives retains a bearish outlook for stocks.
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