AzrulAzir
Short

S&P 500 at correction time

TVC:SPX   S&P 500 Index
as we can see, S&P 500 in bullish trendline , yesterday VIX already touch 11.5 level.
If this level continue grow to 14, then big possibility that S&P 500 will hit 0.09 fibonacci (major trendline ) at 2448.6
If major trendline break down, i will update my analysis.
Nice call and testing support now for next week.
Reply
Hi Dian, bulls will defend the uptrend line with everything they've got however, there is small gap the market has not been filled at 0.14 level ( where the hammer touched the uptrend line) - the market can find some support there. There has not been a significant retracement on any of the US indecies since last Nov. Let's see if the VIX will tells if SPX is ready to take a dive. Thanks for sharing!
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