SPX has overshot the upper red line and reached the target for Point A exactly on time and price. The behaviour of the rally is identical to the Cycle expanding formation.
SPX is trading in an expanding formation as predicted by the Deja Vu Cycle. In the Cycle, it does overshoot the red line to reach point A. Horizontal support held in April, and the Cycle accounts for that horizontal.
This is the 8th week that VIX has been trending up, and that is a serious warning. The behaviour of VIX is also evidence in support of the large Cycle continuing. However, for VIX to hit an extreme level of complacency it may decline closer to the mid-March bottom.
Before: From May 6th analysis:
The Deja Vu Cycle expanding formation is shown with the red lines. Notice that there is an overshoot at point A.
Deja Vu Cycle on a larger scale: