"The Setup" VIX Retracement To 20

Panic on Monday. yet by Friday,
all seemed well again in the US stock market
That was the psychology,
followed by price, and everyone slept better on the weekend.

Yet a closer look,.. shows that the Fear Gauge known as the VIX
had spiked to Pandemic Covid Level of 65 on Monday 8/5
and then spent the rest of the week retracing back to the breakout point of 20.
The major demarcation line between Fear and Greed.

If you are paying even closer attention, you can see from the chart shown here
that the KST Momentum Indicator, has crossed sharply into a Fear Buy Signal.
That is significant.

So before you get harshly awakened on a Monday again,
try to keep things in perspective.

For the wolfs have left the barn,
and on a cloud free night,... ... they can see for miles and miles.

VIX Close 20.36
8/9/24

THE_UNWIND
WOODS OF CONNECTICUT