$VIX
Added 2024-03-01 17:37:47 +0000 UTC$VIX is back in the channel and below the 200 and 50 Day MA now and moving to the downside still.....this bodes well for the market moving up one more leg but the big elephant in the room is watching $AAPL, $MSFT and $GOOG struggle.
The Semis and Ai stocks continue to carry the market lately and keep the market moving higher so there is a little disconnect between the old guard and this tech sector.
A break down from this channel at $12.40 and I believe the $SPY continues moving higher and the big three mentioned above may drift sideways until the market declines.
Comments
It certainly looks like the set up
Gareth Neary
2024-03-01 18:23:18 +0000 UTCAgreed. Given your recent IWM chart, I am expecting a rotation out of the megacaps into the smaller caps. But don't want to be complacent.
Steve Cullip
2024-03-01 18:22:43 +0000 UTC
