S&P500 Volatility ChartI watched yesterday as the volatility indicator started to drop rapidly yesterday in my S&P500 Volatility Timing Model. If this continues throughout the week and back under a reading of 1, then the market turmoil has likely passed.

That’s good news because the markets will likely trend higher but we must remain vigilant for more buying, and even profit taking, opportunities.

If the pattern continues this week, I’ll write about it in my weekly volatility briefing email. To get a FREE copy, drop me an email to be put on the list.