July 9 according to the seasonal charts is a possible turn date.
The seasonal chart for SPY shows it going down on 7/8 for a couple of days.
The seasonal chart for VIX shows the VIX going up from 7/9 to 8/11. From 7/9 to 7/23, you have 7 out of 3 years where the VIX went up. From 7/11 to 8/5 you have 8 out of 2 years where the VIX went up. Therefore, the seasonal show the VIX is going to make a move up between 7/9 and 7/11.
Let’s look at the charts now. Here is the VIX chart. What is interesting is that the Ichimoku system still shows it is bullish.
Here is the SPX chart. Price is now right at our blue Gann line. Also, we have gone up .886 from the 6/15. We are at a very key value.
I am actually going to short the spx/spy tomorrow.
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