I have been closely watching the VIX curve over the last month for signals that this rally could end in the near future. Since March 12th, the SPY is about 1.10, a little less than .75%. In that same time the VIX has made exactly NO movement. Take a look at the VIX curve from March 12th vs. today:

www.vixcentral.com
It is incredible how similar the two curves are. If there is any difference, its that the current curve is slightly flatter, but barely. I might look at that as a hint, if there was any difference in the option market, potentially a much higher VIX might point toward some change.
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