Opinion: The stock market is trying to break out — but the bulls can’t catch a break - MarketWatch
1. SPX failed to confirm an upside breakout and dipped. False breakout echoes January patterns. 2. Major support identified near 5,870, with risk if closing below 6,100. Trading range caution noted. 3. VIX remained subdued despite market fluctuations. Spike peak buy signal still active. 4. Conditional long positions in SPX and SPY are recommended. Options strategies and rolling procedures are detailed.