IMO VIX has shown it’s hand. Channel broke up…5 min version of this chart shows a test of the channel that was held up as resistance turned support.
Also note how they gapped below all that support this AM. That’s a bearish shook n’ jive. We’re coming into resistance here…not a bad spot to look to get short IMO.

I moved 38% of my 401k to stable value funds expecting the worst at some point. Saving some to transfer should the rally continue after a pullback which is possible of course. The order executed at close yesterday so it’s lookin like a pretty good move at this point.

A pullback test to that trendline we broke up from is ideal if one expect the rally to continue IMO. The macd histo divergence indicated a correction was likely…volume confirmed the modest and declining participation.

I have little doubt long term we test lows if not lower…that’s why I shifted the 401k around.

Weekly update too.

What are you guys thinkin?