Recently I showed the larger potential broadening top pattern in the Russell. As of now the $RUT has not gone anywhere in 5 months, since early December of 2016 as a matter of fact.
Yet, while it’s basically flat on the year, its own volatility measure, the $RVX also continues to scrap at record lows, especially if used as a ratio versus the actual index.
Both patterns are impressively clean and leave the door wide open for a major coming shift in the volatility regime:
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