After one heck of a run in the major indices this year it's time for a pull-back. At the least a healthy consolidation. I drew up the charts for this post about a day ago and the VIX spiked 12% since then. Briefly, the VIX I believe should spike and the vehicle I like for it is ticker symbol (TVIX) Velocity Shares Daily 2 X long VIX. We are still around the bottom of the trading range for VIX as the chart below shows. Also, there is a lot of room for a pull-back in the S&P 500 as the trend line below shows. So, a correction should ensue. Another major turn of events that very well could and should prompt a pull-back is the FED decreasing its bond buying which they have hinted at lately.

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