THE ODDS SAY, THAT THE SP500 WILL BE DOWN 1.5% TOMORROW!!

So here we are, the $QQQ up 7 days in a row, and up 7% in those 7 days.  The SP500 is up 4.7% in that same time frame.  The Bernank fed meeting is over and he did not disappoint, the question is, whether this is a buy the rumor sell the news type event.  That we won’t know until  a couple of days from now.  However, the VIX put to call ratio close above 100% today for the 7th time this year.  Historically when the vix put to call ratio closes above 100% it normally brings one down day, and its usually the next day.  This year so far it has worked great, take a look:

CLICK TO ENLARGE:

 

I TOOK A SHORT POSITION IN THE QLD AFTER HOURS BASED ON THIS DATA


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