Overall mkt: from FX to future to Cash, to VIX, $CPC, $ADD, $VOLD, when put everything together, will see better picture.
VIX keeps dropping even when market declines. What does it tell us?
well, mkt is still within the acsending triangle. $VIX is down because of no fear. as long as SPX remains at current level, above triangle up trend line, there is no fear.
$CPC means put/call ratio. $CPC raising normally has two means (1) Buy to open puts (2) sell to close calls.
http://www.cboe.com/publish/ScheduledTask/MktData/datahouse/totalpc.csv
$ADD = Advance decline indicator, Above 0 means more stocks advances than declines
The link for $ADD http://www.quote.com/us/stocks/quote.action?s=$ADD
$VOLD = NYSE $UVOL MINUS $DVOL 60 min chart (NYSE Up vol - Down vol).
Take a gook and compare how SPX moves while $VOLD start above 0 and remains upside moves. Other wise, when $VOLD remains read, indicates the down day ahead.
The link for $VOLD http://www.quote.com/us/stocks/quote.action?s=$VOLD
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