I’ve seen so many major bottoms over the past two decades I’ve been trading and NONE have bottomed with a VIX at 28. Typically the fear gauge is above 50 minimum. It’s shockingly low which means a downward 3 is the right wave pattern with a min target of 2250..my long term target is 1800-1850 or the previous 4 on SPX. We got 5 waves up since 2009 and this looks like a huge zigzag w2..
The $VIX is the reason why I keep shorting. The trend is down and the VIX is only 28. Far too low to bottom.
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