Interesting pattern has developed over the past few days.  The S&P500 spikes higher and yet the VIX remains elevated.   The S&P then rolls over later in the day.

Could be the triple witch, but we’ll play it as non-confirmation of the rally and use it as a short-term sell signal.    Also note that Apple is trading poorly, which has become our proxy for hedge firm risk appetite.

Could be wrong and always with a stop.  Let’s see how things close.

(click here if chart is not observable)