Market SELLOFF Trigger approaching The VIX, Friday, put in a pretty solid sell setup for the S&P500. This doesn't mean that a big decline is imminent, but it is a cautionary flag. All we need is a modest sell-off to trigger the signal and Investors start Locking in Profits at these Levels.
The recent rallyr in the markets were inspired by improving short term debt auctions in Europe are overstated and the improving sentiment driven by these events are likely to be temporary.
The talks with Greece's private creditors are contentious and probably will be not be resolved before the latest upcoming European summit. This has the potential to rattle the markets