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Fear And Loathing In The VIX And Put/Call Camp

|Includes: SPDR S&P 500 Trust ETF (SPY)

Watching two "fear" indicators, VIX and the Put/Call Ratio have reached extremes that in the past have preceded short-term rallies. Note the peaks and troughs of the VIX and Put/Call readings and their correlation with shifts in the S&P 500. Note VIX especially as it gaps higher or lower than its moving average.