Another angle viewing the SPX contraction at this point may be explained by its relative position to mid SEP 2008 (support broke) and early OCT 2008 (support-turned-resistance held), where SPX stuttered around the 1150 area.
Correspondingly, VIX (here, used inversely for comparative analysis with SPX) spiked sharply and declined very shallowly, leaving doubt as to whether overhead resistance @ 1150 is of any further significance for the time being:
- Dalcindo
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