Did you notice where the VIX peaked on Friday? Volatilities are telling you the market's got at least another high left in it. Watch the VIX next week!
|VIX 04-17 6M|
Larger picture, usual expectation of a market crash. This one is framed with Bradley turns, and echoes all of the big turns on the way up.
|SPX 04-17 4Y|
... with a 50% Santa Claus rally that reaches the trendline between the 2000 and 2007 highs. We just had Easter, and we in Deflation Land are already looking forward to Christmas.
|SPX 04-17 all|
Hang in there ... we still have not reached the upper daily Bollinger Band on the SPX. So far this has worked great to keep us patient with all of this.