In our analysis on weekly chart of SP500, we can clearly see that 3760 – 3770 is a very important short term support. On the other side 3950 was an intermediate key resistance.
A weekly close below 3760 can trigger a very likely fall to 3570.
Also monthly analysis confirms a possible setback in the market (we had last month a “9” setup completed).
Therefore we think that if VIX closes a week above 40, we should have an important price inversion in US stock markets.
Last DEMARK signal was a bull signal given on end of November last year due to a completion of a “13” countdown sequence.