$SPX Momentum uptrend broken
Trendline has been broken.
- We can now see one of two scenarios: Consolidation or Sell.
- A sell could simply be as shallow as a normal correction 5% - 10% or a deeper selloff.
- A deep selloff however would need the VIX to rally higher, over 20 but def over 16 minimum.
- We can now see one of two scenarios: Consolidation or Sell.
- A sell could simply be as shallow as a normal correction 5% - 10% or a deeper selloff.
- A deep selloff however would need the VIX to rally higher, over 20 but def over 16 minimum.
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