at yesterday's market close update:
i see market rally could take a pause around here.
i also mentioned several times since 11:41:PDT (14:41 ET)
11:41 am PDT
market update - $vix
as earlier morning updated, the lower red trend channel line could be the next target for $vix.
i see when $vix gets to around the red line, then could be the next short term upside target for $spx.
11:51 am PDT
at 1273, $spx at the upper ... channel resistance.
i do not see $spx can go much higher from this level for the remaining of the day...
at 1277.5, $spx takes a pause due to the following technicals:
1). ... is a nature resting spot.
2). confluence (pink circle) of the upper green and upper brown pitch forks,
it's close enough for a Short Term upside target.
3). at upper ... channel resistance.
4). $vix is at the lower red trend channel line support.
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