This chart is showing a SPX Buy Signal based on VIX…
My 60 minute UVXY is showing a buy signal with the slope indicator needing confirmation from the W%R; Also, the VIX remains above the 20 mark with what looks like a “spinning top” which can portend a change in direction.
Folks, this could go either direction…
VIX futures this am dropped into the 18 range…
http://www.cboeoptionshub.com/2015/12/11/19060/?utm_source=twitterRT&utm_medium=social&utm_campaign=ias
Anticipating lower VIX for January.