Stock index futures are mixed while commodities are trading higher. The VIX closed above the upper channel line, indicating a potential shift in market sentiment if it closes below 18.38. The SPY (NYSE:SPY), highlighting that while the market is oversold, there hasn't been significant panic selling. Projecting a possible decline towards the $500 level, emphasizing the importance of the 200-day moving average as a potential support level.
This content was originally posted on the Stock Market Timing YouTube Channel
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