VIX has a chance of bottoming this week

Markets have neared an important level near February peaks that likely results in a stalling out in US Equity indices this week into/post FOMC.  However, barring any meaningful signs of technical deterioration, it’s my opinion that weakness still likely proves minor and might allow for a rally into the middle of May.

The period from 5/17-24 looks like the most important time in May, and if markets are trending up into this period, it’s likely to...

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