“A” bottom could have been made for the S&P500. Corrections have ended when the GOLD:VIX ratio breaks above 60. Not calling “the” bottom, just that “a” bottom has been made.

We could very well see another drawdown for the S&P500 but bulls have some hope (for now).

May see another backtest of the 60 line. A similar backtest of 60 occurred for Brexit and the Trump Election, following the two large corrections in Aug 2015 and Jan 2016. -Harry