Today the VIX pulled back more than 47.5% form its top in March. This is a trend change signal.
Three consecutive down days is needed for confirmation. Today was the 3rd consecutive down day on the S&P (but the DJIA was green today). I believe this is confirmation of a trend change (to down), but would like to see a 4th down day to be certain. Regardless, it seems the market has topped.
You decide.
Update 04-12: Got a 4th consecutive down day. Confirmation is definite.
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