With Apple (APPL) trading down -5% from recent parabolic highs and with the financials under pressure over renewed concerns in the Euro-zone, equity markets are suffering their largest single-day loss in 3-months.
Bulls beware: The interventionist authorities are losing control of their sustained and insanely bullish VIX reading beneath the 20 level.
Bears beware: The sudden and quintessential all-at-once declines rendered after prolonged bullish levitation can often find support over the near term – then jettison right back up toward previous highs.
Until next time,
Trade Better / Invest Smarter