The most noticeable event today was the CPCI shot to a multi years high at 2.09 which according to the rule I found recently, means very likely a green close tomorrow (counting dashed lines). The reading seems very unusual but I don’t find any edges from the most recent history about what it could mean on a little bit longer term.
Meanwhile, we have both SPX and VIX closed in green which by counting the red lines in the chart below, 9 out of 13 times recently a red close the next day.
Personally I lean toward a green close tomorrow. I’ll present more reasons in tonight’s report. See you there.
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