The VIX weekly is still telling us that the S&P 500 is due for a reversal. When it is at 12 like it is now there is a high probability that there will be a reversal in the next week or so.
Click on chart to enlarge
Below: The S&P500 weekly chart showing that we could get a correction back to around 1600 to close the divergence from the 100 MA. I would like to see this by the end of January because if not we could be going into May with a very over extended market and a much higher chance to go below the 100 MA when it does correct.
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