$SPX has been on FIRE, like most indices, sans $RUT

1 May 2023

SPX hit the level called

NOW WHAT?!

Intraday (NOT PICTURED HERE), look @ RSI, we see 15 - 30 Min weakening

1HR looks fine

4HR not oversold but showing negative divergence

AGAIN, as we've been stating for some time, HARD CALL

VIX gave up DAYS ago!
This is the 2nd Week it's BREAKING the SYMMETRICAL TRIANGLE (BEAR FOR #VIX!)