A quick update on the quirky SPY/VIX ratio charts. With today's rise in the VIX, and a moderate fall in the Sp'500, we are seeing some supporting evidence of the near term bearish outlook. There is also a hint.- see chart'3, that the giant H/S formation theory might be correct. If that is the case, the market has a long way yet to decline across the next few months.
SPY/VIX, near term, weekly. 1yr
SPY/VIX, 10yr historic
SPY/VIX, 3yr, near term, bearish H/S scenario/theory
Goodnight...from London city.