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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: Jack of All Trades who wrote (41067)5/12/2025 4:49:51 PM
From: skinowski  Read Replies (1) of 41419
 
Yep… VIX closed at 18.39

SPX closed above its 200dma - as well as above its 8 and 12 months ma’s - even though that may change by the end of the month. Looks like the old bull isn’t giving up yet. Oh, sorry, I take it back - don’t want to jinx it.

But, all those breadth thrusts and extreme bearishness indicators… so far look on track.

The 5800 level is important - it’s major support - Resistance, and it’s the top of the January rally, which breaks up the decline, making it look like a three-waver.

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