#VIXIndicator The Downside Warning is officially canceled as the SPX notched a new all-time high. However, this high was driven by a tweet that we humans understand, based on recent history, really doesn’t mean anything. The algos respond and drive us higher. If no trade deal is reached by Sunday, or there’s no agreement to delay the tariffs, we could re-enter a Downside Warning quickly and easily.
My opinion: I don’t think a trade deal will be reached until after the election. However, I do think the tariffs will be delayed. I don’t know how that will affect the markets, but Monday we could be anywhere.