The S&P500 Volatility Indicator is holding steady below 1.0 which isn't all that great since the rate cuts, I was hoping for it to keep going lower but it hasn't. I was also expecting the previous market highs to be taken out but they haven't either. Economic developments should be watched closely now and we could easily see another sell off happen if the news is bad. On top of all that, we have October looming in front of us! I'll be posting intraweek snapshots of the Volatility Indicator to monitor its progress. It might be time to take some profits off the top. :)
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