ROC -4 or more is needed in the picture for consistent signals. This month had inconsistent signals and the ROC was mostly +1/-1 during the month.
To play SPY rebound ROC -4 is necessary to consistent signals…HA . I am raising the ROC to the first trading level.
Currently, -3 indicates next week great for consistent signals. When VIX RHA and SPY turns GHA at the open, it will be time to play for 2 weeks rebound. Sell will be when VIX turns slight red and spy slight green at the close.
The SPY rebound will also cause TLT to retreat back to RSI 60 levels and setup the next TLT run. So TLT could be a buy after SPY rebound about Feb 23/24. TLT would then be a play for 4 weeks to March 20.
In addition, the 200dma is 196 and when this is crossed a lot of selling will occur!