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SPX - time to decide

SPX is trapped into a potentially dynamic psychological formation. The trend line since Feb highs is intact. 4050 is the big short term resistance to watch. The short term trend line since SBV crisis lows is also intact. VIX has performed the "crisis" roundtrip, and last sessions have been extremely boring, resulting in the VIX now trading close to 19. Options plays are offering attractive set ups here.

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