— VIX made a new Master Cycle low on Thursday, 50 days after the initial Cycle low on February 25. It occurred in the form of a rare triple zigzag formation. On Friday, it challenged Short-term resistance at 14.85, warning of a potential breakout above that level.
SPX declines beneath short-term support.
SPX closed the week beneath weekly Short-term support/resistance at 2084.31. The problem with… Continue reading
SPX forms a Broadening Top.
SPX appears to be in the final phase of a Broadening Top (Megaphone) formation. Despite making an all-time closing high, a Broadening Top . It is noteworthy to… Continue reading