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Keep An Eye On SPX:VIX. A New Bull Market May Be Shaping Up

Published 04/25/2017, 06:10 AM
Updated 07/09/2023, 06:31 AM

Even though the S&P 500 Index (SPX) did not reach a new all-time high on Monday, the SPX:VIX ratio did, as shown on the following two daily charts.

Keep an eye on the ratio, since an RSI above 50 and upside crossovers on the MACD and PMO indicators are signalling that a new bull market is shaping up for the SPX. Such a breakout would need to be confirmed by a bullish crossover on the PMO, with the crossover maintained on the MACD and the 50 level held on the RSI on the SPX.

SPX Daily Chart
SPX:VIX Ratio Daily Chart

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