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Yesterday I posted an update on VIX volatility. Today the VIX fell 10%. Meanwhile market technician Chris Kimble sent me the weekly chart below with an inset of the AAII Bullish Sentiment indicator. Was yesterday's close, a 6.41% correction from the interim high on February 18th, a market low? Time will tell.
Chris comments: The S&P 500 is on support, the VIX is against resistance and now bullish sentiment is VERY LOW — hitting levels that ended up being market lows last fall!
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