ALL EYES NEED TO BE FOCUSED ON THE "VIX"
The last time the S&P 500 was at a record high and this overbought was January 2018 - right before the world fell out of the bottom of VIX shorts...
And remember, VIX traders have never been shorter vol than they are now...
Notably, extending last week's decoupling, VIX was higher as stocks rose today... The last time we saw this was January 2018's melt-up as buyers bid up vol on the back of call options
[SITE INDEX -- MATA -PATTERNS]
MATASII RESEARCH ANALYSIS & SYNTHESIS WAS SOURCED FROM:
SOURCE: 04-29-19 - NBC News - "S&P Hits Record High, Most Overbought Since VIXmageddon"
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