Today, we had SKEW above 135 again… third time since Brexit. Will it mean something this time?
VIX daily chart in a squeeze
SPX in a daily squeeze
SPX monthly chart in a squeeze… that doesn’t happen often, but previously it was followed by corrections, like the 2001-2003 decline and the 2008 crash; or followed by sustained rallies, 2012-2015, 2005-2007, and 1995-2000 massive rally.