HEADS UP

The SPX is now trading with a 2 day RSI of 75 and below its down trending 50 and 200 day SMA. The book says to short as it approaches the 200 day (1260) especially with the VIX very oversold at 11% below its 10 day SMA. However, I would be reluctant to put on that trade
as Ben may fake us out and do something unexpected sending the markets ripping higher.

Remember, in addition to the 200 day and the oversold VIX, we also have had several narrow range days which may also be setting us up for some added volatility. Of course we don't know the direction, but I have little doubt that more volatility is in route.