The streak above the 50-day MA for the $S&P 500(.SPX)$ ended today at 138 days.
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Here are all the other long streaks above and what happened next.
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Yes, some lead to trouble, but most of the time it wasn't really that bad.
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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.
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