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SPX price thrust last week


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#1 LMF

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Posted 05 November 2018 - 07:26 PM

That's what I call it.....a gain of 1 percent or more, 3 days in a row on the SPX.  Usually a good bottom marker, with limited downside going forward.  Looks like a decent bottom formation on the 60 minute chart. 



#2 LMF

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Posted 06 November 2018 - 06:38 PM

The VIX delta.......VXST minus VXMT is still in positive territory, which looks bearish for the markets (VXST greater than VXMT).  Needs to reverse and get back into negative territory for a sustained bullish trend.  If it stays like it is now, the overhead VIX gap around 23 will get filled at some point....sooner rather than later.