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now yesterday I warned you that the s p was forming the bullish falling wedge I warned you that again the vix was up here uh and uh could uh attempt to pull back and fill these gaps and move back towards the moving averages and that appears to be whats happening the s p and NASDAQ got some bottoming Tails today so again as Ive been talking about were hitting major uh support on s p were hitting the trend lines were hitting several trend lines that are acting as support plus our 50 period of moving average if we can bounce off of those rather than break them we can get a rebound and we can see the vix drop further uh you know maybe even drop here below the 50 period moving average and try to establish a you know another higher low here you got the macd in positive territory uh youve got these bullish divergences playing out as we correctly predicted would happen I told you the vix was going to go to a new low it did but and we told you the vix was going to break out and back test
