VIX
is trading under the "13" support level.
The 12 area has not been touch & there's a struggle trading above 13 again.
Let's dissect shorter term, 1Hr (not here, see profile)
There's slight positive divergence being formed.
However, it is way to early to say #VIX will reverse here.
SPX closed STRONG on Friday and the #SPX500 had the highest in 2023.
SPY
The 12 area has not been touch & there's a struggle trading above 13 again.
Let's dissect shorter term, 1Hr (not here, see profile)
There's slight positive divergence being formed.
However, it is way to early to say #VIX will reverse here.
SPX closed STRONG on Friday and the #SPX500 had the highest in 2023.
SPY