A major cycle peak for SPX is near according to the Deja Vu Cycle. The topping process will likely be characterized by weeks of sideways and choppy trading with a scary dip in the middle.
In conclusion, SPX is currently testing a broadening top formation trendline. The next major move in the Deja Vu Cycle in the coming months is a plunge to test, and probably undercut the red trendline.
A detailed view of the topping process in the Deja Vu Cycle is shown below. SPX is likely near point C in the Deja Vu Cycle.
The topping process will likely be characterized by weeks of sideways and choppy trading with a scary dip in the middle as shown on the chart below.
UVXY is likely near a major cycle low and turning point. Complacency is extremely and unusually high. The Deja Vu Cycle indicates a dramatically falling market and aggressively rising volatility (VIX) in the months ahead.
Rising volatility should be particularly evident during a decline to the red trendline for SPX.