SPDR S&P 500 (SPY): Tomorrow will be very telling. BOJ, eu b...

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Thursday, 07/28/2016 2:57:21 PM

Thursday, July 28, 2016 2:57:21 PM

Tomorrow will be very telling. BOJ, eu bank stress tests, and q2 gdp. My guess is sell off and pullback coming. The Volatility Index recently dropped to a multi-year low. It is now trading at levels where it was last August 2015, before it exploded to 40. In fact, the put/call options ratio and VIX are both at extremes, pointing to a significant correction in the next couple weeks. I think corection on the horizon

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