The market closed at new all time record highs, is the top finally in?
Yesterday just seconds after the FED released one of its least anticipated statements since the financial crisis, the VIX plummeted to a new post financial crisis low. It broke below that 10 figure.
The last time the VIX was under 10, it was February of 2007.
S&P500 futures are nearly .4% lower to start the week, with the headlines putting much of the blame on the Trump immigration ban. I'm certainly not going to share my opinion on it here, but I will say this:
Has the Market Topped?
Today's rip off the lows was preceded by another muted response to the sell off by the $VXX and VIX. #Make the VXX great again. In order to do that $VXX would need to rally$30,667.64.