The world has gone mad and the short position in the VIX is now the largest in all history and three standard deviations from trend.

And that matches with a perfect set of DeMark counts… between now and the next three weeks. It doesn't mean vol needs to explode, it might carve out a low before moving higher in Jan/Feb. pic.twitter.com/h1vFQUO8Br

— Raoul Pal (@RaoulGMI) December 1, 2019