2.5 month consolidation.
Salvaged weekly candle.(Daily in place-27/4)
Rescued 50 Daily .
Broke daily uptrend_line(for monthly Close April ), on
increased . 30% above 65-day average(3rd
highest of year), signaling distribution. ( )
Remains in consolidation.
Breaking the 2040 level, targets potential 1970.
3 month Index relative to the S&P 500
Index (VXV/VIX ratio) remains at high levels,
since February highs. Current levels indicate struggling
progress. ( )
The 5 day CBOE total is relatively low
This suggests that the of puts ( bets)
relative to the of calls ( bets) is pretty low,
Weekly Momentum is losing steam. ( )