#VIXIndicator An UPSIDE WARNNG fired on Friday, with three consecutive closes below the Fib 78.6% retracement line (from the recent VIX low of April 20 to high of June 27th). Watch for more upside and new all-time highs in SPX before things slow down or reverse.

We are now also establishing new VIX lows by which to measure the next correction. Friday’s low was 13.19, with a close of 13.20.

Monday’s levels that would reverse course and fire new Downside signals are 16.50 (25% above the 2-day closing low), and 19.79 (50% above July 8th low).