#VIXIndicator Today the VIX surpassed 14.96, which is 50% above the VIX low of February 1. Since this is the second time it happened (the first was on March 27th), with a significant pullback between the two signals, this constitutes a Downside Warning on the Indicator I developed to warn us of the possibility of drastic moves down in the SPX.

Many Warnings only result in a small amount of volatility. But the larger market corrections have all been proceeded by these signals. So be cautious with bullish positions. I will keep the site updated as the days progress, and until the Warning is canceled. See the VIXIndicator panel in the right column. ————->