One consideration from that atypical Friday behavior is that investors have already priced in a possible .25% bump by the FED on Thursday and are now ramping up for the usual Fall surge.
Just a thought, but keep in mind that some of the nastiest market swoons have occurred in the Fall so the validity of that argument is subject to caution.
Before I ran the VDX updates for this week I thought they would look bullish based on this week's positive action (traders consensus at the start of the week was 78% bearish). In fact , the charts are ambiguous for our 3 focus ETFs....all are downslope VDI+ but all have upslope P6 .
Going forward it looks like the risk environment is still volatile and will likely remain so until Thursday and possibly beyond, depending on how the markets react to the FED.
