 Hello trader,
For some reason, the VIX and volatility has remained stubbornly high.
But there's something curious when you look at the chart.  VIX Hourly Chart Folks - this is a warning shot.
Every time the VIX ran into the 200-period moving average on the hourly chart, it bounced.
Yet, stocks only recently started sliding.
If you don't know why the 200-period moving average is so important, take a moment to check out my Total Alpha Bootcamp where I explain why.
Using a cross-section of leading indicators, I'm going to make a case for why this could lead to much lower prices...but not in every sector.
And I want to start with something I started watching recently - the US Dollar.
 Jeff Bishop
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