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The SPX couldn't breakout to new highs, as Kevin Green points to strong resistance around the milestone level. He still believes technicals remain "pretty decent" across the board, also noting a downtick in puts compared to calls. However, Kevin also urges investors to keep the VVIX to VIX ratio in mind, which shows weakness in the bull run.

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SPX Resistance Near All-Time High, VVIX to VIX Signals Possible Pullback

Schwab Network

SPX Resistance Near All-Time High, VVIX to VIX Signals Possible Pullback