Smart money is not letting up. Buy the dip intraday, ramp into higher close. There was no sell signal intraday during last several trading days. So the smart money is feasting on shorts. Smart money sentiment chart is shown below. When it stays up at 100, you do not want to short.
SPX/VIX has been above 80 for last 14 trading days. High probability on the short side starting 1/31, which is a gann date.
| Probability
Of Down |
|
Date |
| 1 TD later |
67% |
2-Jan |
| 2 TD later |
50% |
3-Jan |
| 3 TD later |
42% |
4-Jan |
| 4 TD later |
57% |
7-Jan |
| 5 TD later |
61% |
8-Jan |
| 6 TD later |
57% |
9-Jan |
| 7 TD later |
65% |
10-Jan |
| 8 TD later |
65% |
11-Jan |
| 9 TD later |
70% |
14-Jan |
| 10 TD later |
74% |
15-Jan |
| 11 TD later |
74% |
16-Jan |
| 12 TD later |
74% |
17-Jan |
| 13 TD later |
83% |
18-Jan |
| 14 TD later |
78% |
22-Jan |
| 15 TD later |
83% |
23-Jan |
| 16 TD later |
83% |
24-Jan |
| 17 TD later |
87% |
25-Jan |
| 18 TD later |
83% |
28-Jan |
| 19 TD later |
91% |
29-Jan |
| 20 TD later |
91% |
30-Jan |
| 21 TD later |
100% |
31-Jan |
| 22 TD later |
100% |
1-Feb |
| 23 TD later |
100% |
4-Feb |
| 24 TD later |
100% |
5-Feb |
| 25 TD later |
100% |
6-Feb |
| 26 TD later |
100% |
7-Feb |
| 27 TD later |
96% |
8-Feb |
| 28 TD later |
96% |
|
| 29 TD later |
96% |
|
| 30 TD later |
96% |
|
SPX/VIX Sentiment chart. SPX/VIX is reading the highest in many months.
SPX trendline and gann dates match up to 1/31 and 2/5. 1499 with stop cleaning at 1503.
