Our Liquidity Index of our INSTITUTIONAL 'must hold large cap' Portfolio is deteriorating at a 2008 pace.
Add the flipping down of the TRUE VALUE VIX gage here smells like a re-test of the latest low....
...with a Summation VIX_OSC taking on a even more bearish posture...
...with the original VIX_OSC also asking for a re-test.
We could be in for a solid exhaustion move to the downside. Let's monitor this closely in order to a watch whether this can snowball into a panic.
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