We had both VIX and SPX down on the same day, from the chart below, counting the vertical green lines, 8 out 10 cases, the SPX closed in green the next day.

SPXVIXDivergenceWatch

Also from Seasonality, the next Monday and Tuesday are the most bullish day in July.

Seasonality

So pretty decent chances we’ll have a green Monday.

But, here’s a big but, also from Seasonality, we can see that days after next Tuesday are not so “bull friendly” and plus, we had an up day this Thursday which statistically means 67% chances in the bear market, a red week the coming OE week (i.e. next week).

Enough info to draw you own action plan? Enjoy your weekend!