SPX Risk Reward favors down side
Incredible liquidity driven BTFD rally coming to the major resistance.
VIX term structure indi shows complacency in the market, super contango structure with spread ranking 90%+ in past 200 days.
Setiment indis show greedy towards extreme.
Speculative names peaked before the index (none profitable dream companies)
Multi-timeframe divergence signal detected, momentum slows down.
SPX near major pivot levels, shown in fib zones.
RR favors downside, at least a deeper pull back warranted.
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