SP 500 and NDX Futures Daily Chart - Watch For a Divergence in VIX

Another light volume day saved the market from rolling over, which it seemed ready to do early on.

I think it is time now to take a maximally defensive position, which for me at least means hedged gold bullion positions and cash. The bullion hedge is to guard against a liquidation event as opposed to an equity correction.

If volumes stay light the wiseguys can keep lifting this up, burning