Globe editors have posted this research report with permission of Phases & Cycles. This should not be construed as an endorsement of the report’s recommendations. For more on The Globe’s disclaimers please read here. The following is excerpted from the report:
The S&P 500 Index (SPX), which has been falling since October 12, is approaching an important turning point.
Which index helps forecast the climax of a market sell-off? It is the VIX.
Contrary to common beliefs, the VIX does not forecast a market top. It’s best used to forecast the end of a decline.
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