170 is the next major resistance level to be overcome on the following Daily ratio chart of the SPX:VIX. This appears to be “make or break” time for SPX Bulls. 180 and 192 represent the next and final major hurdles (set in 2014) that will need to be overcome before Bulls can comfortably feel that volatility has been quashed while (if) the SPX resumes any kind of sustainable uptrend.
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