S&P prices now nearly 2 standard deviations above historic trendline again
Apparently a lot of metrics are saying overvalued… h/t Trimethlamine
trendline
Before you get too bullish, be aware that $SPX is facing liquidity headwinds. VIX breaks trendline volatility flashes major red flag
Before you get too bullish, be aware that $SPX is facing liquidity headwinds pic.twitter.com/YOnBnVeBRU — Cam Hui, CFA (@HumbleStudent) May 4, 2025 Keeping a close eye on volatility on Monday. Both $VIX futures and 3 month VIX futures broke the 50 day moving average on Friday. If volatility finishes the day flat that's a huge …
$SPX may bounce before February but trendline likely breaks.
$SPX Chart Update: I can envision maybe a little weakness to begin the week then dip buyers buy up to close the week before the inauguration on the 20th. So we can likely fill that Trump Bump gap around 5,782, maybe slightly overshoot to as low as 5,750 to hit that major support trendline before …