S&P500 / VIX - Black Swan Incoming? 🔮

Taking a look at the SP500 Daily with our US Equity Gaps indicator, next to the VIX Weekly.Looking back to the start of 2022, we can see a series of "controlled" selling, on our grind from the 4700s, down to 3500-3600.📉Compare that to the VIX , we can see the stock market has yet to experience a true black swan. See the 2020 mega spike in the VIX .Whether it's due to geopolitical tensions, financial data, etc., we'll see. But you can almost feel that the market is teetering on a knife's edge. Or at least that's how we feel! 😬Throw these against the Equity Gaps indicator, and it shows we have plenty to fill to the downside.🤯Who knows. Maybe we're just being cynical. However, we feel there's a 10-30% downside vs a smaller 1-5% upside.If that's the case, we're happy to be sitting on our hands for the time being.-TucciNomicsChief Overlord, AlgoBuddy