Click on the charts to enlarge. Have a close look at how I use all these indicator in combination to determine the bias. Take notice of what I am saying or not. It makes no difference to me either way.
This JNK v SPX chart has worked a treat once again. This correlation is a no brainier.When $JNK crossed below the 15 day MA with such a wide divergence I knew this was a high probability.
The $SPY daily chart here is on the flat kijun sen. The 21 day cycle is on Monday so see if it gets to my red arrow target. This cycle was mucked up by the EU & FOMC in October. As you can see in the chart above $JNK was also above the 15 day MA in October so that was key to the price action as well.
Notice here on the $SPX daily chart from the 12th of October the MACD diverged from the stochastic. When the daily MACD crossed down along with the $JNK cross below the 15 day MA, that was the short entry.
You can see on the $VIX daily chart here the RSI is above the mid point now as I was expecting. The MACD is also crossed up. This is when I say the $VIX is live.
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