SPX broke ranks from the DOW and finished slightly in the red.
Neckline of its head and shoulder patter is definitely broken and projects a downside target of 814...so, another 65 points to fall.
Of course, it can rise to retest the neckline and then continue the fall during that time.
Vix nearing resistance at the top channel marker ...watch if it breaks through.....
spx and vix daily charts:
SPX broke ranks from the DOW and finished slightly in the...
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Last
7,783.0 |
Change
-55.800(0.71%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,838.8 | 7,838.8 | 7,750.5 |
| XJO (ASX) Chart |