Jun 29 2016 – Midweek Update – Monday’s VIX was the ‘Tell’

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In this past weekend’s video, we talked about the key $200 level on SPY. On Monday, SPY closed $0.40 below this key support level. In our Monday evening chat session, we noted how the VIX did NOT jump higher with the equity market sell off and that was a warning shot to the bears and it was spot on. Tuesday brought the bulls back with a purpose and pushed equities higher.

Gold (GLD) is having trouble adding to it’s ‘Brexit gains’.

Have a great rest of the week!

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