.SPX: What's The Next Formation?
1.
Minimum Target=6045: $S&P 500(.SPX)$
(1) per the VIX-Ex pattern, the normal target would be 6148-103=6045 by the end of Friday close.
(2) the purple trendline--yellow [1] and blue line [2] contain the moves recently.
(3) the BLACK Bull/Bear line at 6070 would be a key level to watch.
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2.
(1) The divergence is SOOOOO large that there is no easy way for them to reconcile other than a fast and sharp retrace from the index.
(2) when SPX set up a new ATH today, the spread of the market has narrowed--meaning fewer stocks holding the highest price, EVER. 👀🤏🐼
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