This week's VDX Updates suggest a slightly bearish outlook, in line with the Trader's Outlook, as the SPY topping pattern continues..... although the hedge fund consensus is now bullish,
VIX hits new 30 month lows and TLT looks to be coming off overbought levels, perhaps driven by renewed huge short selling .
For now out little portfolio is in a neutral position with the VDI +/- charts in a crossover status.