$SKEW and $VIX Bullish Scenario…

Interesting to see a bullish scenario for stock markets. The $VIX looks like it is backtesting its broken trend line and would make a good case for the stock markets to rally! Plus the $SKEW has also dropped to very low levels=bullish. In addition, the sentiment on stock twits is very bearish giving a nice contrarian situation. Im still looking a shallow pulback for the $SPY to test maybe around 202ish and then to rally up to make new highs.

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