While the TrendX remains downslope the SPY VDX may be about to turn up in sync with the typical
last day of the month pop. I say maybe because we've seen these apparent bullish turns fail in the past (see red arrows) and the actual VDX+ indicator has not actually gone upslope yet.
By comparison the XIV VDX chart is actually more optimistic for the bulls and that's what we have seen on Thursday and Friday.....XIV far outpacing SPY to the upside.
Here's an interesting article on why the DOW index is a fool's errand and why I seldom pay any attention to it.
Please remember that starting next week Chrome will no longer support Silverlight applications so the TrendX charts and FSC can only be read with IE or Firefox.