The above shows the 10-day moving averages for the CPC (green line), the CPCE (purple line), and the VIX (violet line) at market close. The S&P 500 is in gray.
I was previously using the "simple moving aveage" for the CPC and the CPCE. After further research, I discovered the "exponential moving average" (EMA) will provide better results. I have adjusted my charts using the EMA. The VIX in the graphs will continue to use the "simple moving average" (MA).
The EMA for the CPCE and and CPCE decreased their slopes in the past two day, but are still in a downward direction. The VIX still continues its downwards direction and provides no indication of a trend change. The analysis suggests the market will remain bullish until these indicators turn up.
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