The S&P 500 found support at 1775, but declining 21-day Twiggs Money Flow warns the correction is not yet over. Breach of 1775 would indicate a test of the ascending trendline and medium-term support at 1730. Recovery above 1810 is less likely, but would suggest an accelerating up-trend — with sharper gains and shorter retracements.
* Target calculation: 1725 + ( 1725 – 1650 ) = 1800
CBOE Volatility Index (VIX) readings below 20 are indicative of a bull market.
