SPY Noon Update 07/23/26 [AstroZan]
Today, the market closed an important inverse cup. See picture below.
Today, for the first time in July, the ES price drops below the consolidation box.
The cup closed at the previous green wick shown from end of June with surgical precision.
We got our VAXTRO day of the 22nd, one business minute late. 4pm EST yesterday, they decided to roll over the VIX contract with the bar I issued you last night; net volatility effect arrived 9:31AM EST today.
Next move possibly to build a handle recovering 50% of this move. If the box bottom holds as resistance, and the price cannot go higher, then more bearish action first to the downside. Watch the box bottom.
