DOWNSIDE WARNING FIRED June 13th

ADDITIONAL SIGNALS FIRED FRIDAY after Brexit, and we hit a new VIX high (highest since Feb 12th).

Monday’s levels that would fire additional downside signals are , and 31.25 (150% above Apr 20 low), and 32.20 (25% above Friday’s close).

The Indicator fired a downside warning on June 13th. The VIX had increased 25% within 2 days, and it crossed 18.75, which is 50% above the most recent VIX low (12.50 from April 20th). That was two signals, which equal a WARNING.

Historically, a bigger correction usually occurs after a Warning. To negate this warning, we would need new highs on the S&P (above most recent high of 2120.55, set June 8th), or the VIX closing three consecutive days below the 78.6% Fib retracement, or 15.44 (based on VIX high of 26.24 on 6/24).

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