6:30 am
Good Morning!
SPX futures have challenged the rising trendline at 4130.00, making a potential aggressive sell signal. Aggressive signals offer a high risk, high reward pivot point at which volatility is still capable of taking either direction. However, it offers the best placement against later pullbacks which often shake out weaker investors.
VIX futures have als risen back above the rising trendline at 17.42, also giving an aggressive buy signal.
I am due for an all-day meeting, so I cannot comment further at this time.