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The daily VIX trend has been up since the start of 2018 even as SP500 zoomed ahead
Even at the DOW and S&P highs today, the VIX was still up on the day, at SP Futures 2808 and DOW up by 280 points
288 Views · 3 Replies ( Last reply by da_cheif )
The 2800 price objective given by the SPX McClellan Summation Index back in October was tagged this morning and the market promptly reversed.
Since the market did not hold the 3:1 breadth plurality it had this morning, no new upside price targets are given at this time by this indicator.
Could change tomorrow, and we will likely move higher still on momentum alone, but that's all we have to work with for now.
585 Views · 6 Replies ( Last reply by fib_1618 )
I'll watch closely. Will bail if sell into close.