Volatility Divergence – VIX vs. MOVE

Volatility Divergence – VIX vs. MOVE When MOVE is below the 50th percentile and VIX is above the 80th percentile, the average annualized S&P 500 price performance has been close to +21% compared to just over +7% the rest of the time. Image: Bloomberg

S&P 500 Advance-Decline Line

S&P 500 Advance-Decline Line The U.S. top 15 most active advance-decline line shows a bearish divergence, which tends to be a bearish signal for the S&P 500. Image: BofA Global Research

Gold and the Misery Index

Gold and the Misery Index The divergence between gold and the misery index is widening. Image: BofA Global Research

S&P 500 and the 14-Day RSI

S&P 500 and the 14-Day RSI Lower highs signal a bearish divergence on the 14-day relative strength index. Is a trend change imminent for the S&P 500? Image: BofA Global Research