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No doubt for the bear has taken control over the market for the last 4 weeks
Today $VIX market indicates high volatility coming back. More bleeding will be continued for a rebound since many buyers got trapped by interest rate momentum!
Are we are getting closer to the bottom of the month yet ?
Here is the chart that I created 2 days ago:
What I see from this chart is an oversold market, back to same levels as that of 14 months ago while the economy grew 4%.
But a crash is a crash for whatever reason.
More Downside to Come (Blog)
Linear Mode
