There are seasonal tendencies and then there are STRONG seasonal tendencies. Over the last 20 years, the S&P 500 Volatility Index ($VIX) has moved higher 80% of the time in the month of July. This follows the weakest month, June, which shows a rising VIX just 25% of the time. A strong tendency for a higher VIX in July suggests that the S&P 500 could close lower this month. Don't forget about ChartCon, an action packed conference featuring Richard Arms, Alexander Elder, John Murphy and Martin Pring - live and in person.