The Red line is support formed by $CBOE:SPX/FRED:M2SL The Green line is a duplicate of the red placed over the VIX for the same period showing clear divergence and a point of resistance. I know the VIX is misleading now due to 0dte. Critique is invited but regardless, will the Grinch visit this Christmas?
My personal opinion on SPX / VIX trading into the weekend. Constructed looking at fractals in the last pullback and placing them over geometric support/resistance. I'm expecting more swings to come, but overall short on SPX hoping for a EOY rally to be struck down by . Happy trading.