$SVIX Structural Limit ⚠️⚠️
I will abandon my search for a top if $SVIX breaks above this line. See picture. I will also sell my $VIX calls and keep only the $SPY calls.
$MTUM line failed to provide resistance in the presence of Euphoria / MAG7 related.
Volatility suppression is a different story.
TD 9 Count exhaustion didn't register, we move SPY exhaustion sell signal to day 13, today. Per DeMark counts.
$SVIX recovered to 50% FIB, shown line.
Going above this line will mean VIX has no legs, and the world has no risks in sight to price.
SVIX reacted down to the first touch of this line with a 2nd bearish exhaustion doji.
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