The price action on SPX is similar for SPX after the April top and now after the Nov top.
All the momentum indicators too are the same as you would expect.
They suggest the market could fall sharply from now but a VIX picture suggests there could be a day or 4 higher first.
The VIX has 3 rising bottoms then a flat then a rising bottom again.
See chart.
thursday, page-22
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Last
8,212.2 |
Change
8.500(0.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,203.7 | 8,225.5 | 8,203.7 |
| XJO (ASX) Chart |