Short term could be headed lower. VIX is disagreeing with this signal as it also headed lower today.Medium term decreased today.
Notice how there is usually a declining, then a flattening and slight rise near the peaks. Will we have a Santa Rally?
"The hardest thing for any liberator to face is the fact that a large percentage of the people he was trying to free wanted desperately to be slaves. And it’s broken the heart of every liberator to date. To date. Hardly any exception. A man would have to be awfully stupid not to see that. But he would be pretty dull if he didn’t see this too: Sure, sure – but the guys he did liberate were worth liberating."
L. Ron Hubbard