3/6/2026
For clarity I eliminated the moving averages. The PAR SAR blue dots are instructive. they tracked the buy signal from the April low. Note the A up B down, and then C up pattern. The move up is now complete.The second red arrow from top indicates a change in PAR SAR to down. PMO at bottom has tuned down, the first since the April low. SPX fell out of its daily range today.
The bear market is unfolding.
TBF Bear Bond Fund, also the same as ten year yield. /rsI tp is above its 50% level. PMO is about to cross over for a buy signal, I have a position which I will add next week.
Silver edged higher and may do so again next week but extensions should end next week.
SPX : VIX
This is the stock index SPX divided by the volatility index VIX. The indicator is rising as in from the April low showing socks putpace volatility of fear, the VIX is a fear index, the higher it is the more fearful the market. Notice the same PARSAR pattern as on the INDU chart above. In this indicator the PAR SAR turned down sooner than in the INDU. RSI and PMO are both down. More important the Monthly chart now exhibits a PAR SAR sell signal.
VIX is already above the November fear peak, next stop April 2025.
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