AN UPSIDE WARNING FIRED ON MONDAY after the VIX closed below the 78.6% retracement for three consecutive days. This means a very high likelihood of a continued rally in the days and weeks to come.

We also established a new high in the SPX, 2198.70, and have set a new post-correction low in the VIX, 12.16.

Tuesday’s levels that would reverse course and end the Upside Warning are 15.53 (25% above the 2-day closing low), and 18.24 (50% above Nov 21 low). #VIXIndicator