Nearly up against the wall for both price and the RSI of the summation index. How can things get any better for the stock market while the real world flounders?
In the medium and short term this has not mattered much. Five years from now maybe we will see if this massive divergence between price and moneystream (similar to on balance volume) did matter. Note the divergences between price and it at the peak in 2007 and 2008.
VIX tried to break out of this triangle today and seemingly failed. The next few days should tip their hand to whether this tightens and calms down or if we have truly already broken out. The white support line at the bottom is ascending and the orange is flat with the previous lows. Both are possible supports with the latter being a support with even more confidence due to long term history.
Today made quite a dent in two shorter term time frames I track when compared to previous pullbacks from the past few weeks.
"... a speculator is one who runs risks of which he is aware and an investor is one who runs risks of which he is unaware."
John Maynard Keynes