FX:SPX500   S&P 500 index of US listed shares
249 6 6
Fakes are more frequent than commonly known.

Each situation needs to be reviewed independently to assess if the rally has potential, if the breakout is sustainable and if it will lead to big movements.

Here:
1) Clearly there is no potentially for big daily movements.
2) The potential overall would be limited to 3%.
3) The likelyhood of a sustainable rally is average.

Overall the probability of a fake breakout is far from negligible and if not the potential is limited.
Hi, Divergence with VIX is handy to see those breakouts.
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*fake breakouts
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so how do you see it here? please develop.
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When the Index makes a higher high and the VIX does not make a lower low, odds goes up for fake breakout. This signal is even more stronger when VIX makes a higher low...and on top of that if you have other indicators like fibo targets the setup is really good
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so here?
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2138-2140 is good zone with VIX over 12, now it can still go down 11.30 ish so we'll see how quick it sells and follow up then
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