With $BPSPX rising to extreme bullish levels lately at 86.8 and RSI nearly at 90, while VIX the volatility index has drop to nearly a 52 week low, we wonder if complacency has lulled investors into a coma.
No major structural changes to the financial systems have appeared to date.
Banks are lending less and less to small businesses.
Insiders are now selling stock vs. buying at a 5 to 1 margin.
Sounds to me like we are very close to the precipice.
What we will watch for is when the 50 day MA crosses the 200 day MA for confirmation of the big move down.