SPX Returns after> 4 Months Steaks above 50-Day MA Ends

TechnicalHunter
11-18

The streak above the 50-day MA for the $S&P 500(.SPX)$ ended today at 138 days.

ImageImage

Here are all the other long streaks above and what happened next.

ImageImage

Yes, some lead to trouble, but most of the time it wasn't really that bad.

ImageImage

The $Cboe Volatility Index(VIX)$ keeps grinding higher while everyone pretends the market is calm.

Higher highs, higher lows, rising RSI. That is what a real volatility trend looks like.

Friday’s small pullback did not change anything. Pinning 20 into settlement tells you hedging demand is alive and well.

When spot leads futures like this, it is a classic risk-off tell. Conditions are tightening beneath the surface. Vol is firming, not fading.

You can either listen to the trend or wait for the trend to remind you the hard way. The setup is not bullish for complacency. It is bullish for movement.

ImageImage

Bitcoin Quick Rebound! Bull or Bear?
Bitcoin is approaching the $89,000 level, and U.S. crypto-related stocks are surging. BMNR and MSTR are up more than 6%, while CRCL is up nearly 3%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment