Everyone's a BULL - Whats the Problem? Are We Suckers?| Elliott Wave S&P500 VIX Technical Analysis

We’ve arrived right where the charts said we would—back at the February highs. It didn’t always feel like the market would push this far, but that’s why we trust the patterns. With all the overlapping zigzags converging here, the S&P has reached a major technical milestone. Now, I’m cautiously optimistic. We could push through to new highs, but with stretched moving averages and a softening in macro indicators, a pause or consolidation feels likely before the next leg.

Looking closer at the S&P, we’ve now completed a complex zigzag sequence, with the latest C-wave landing right on target. There’s some minor overbought action with today’s close at the high, and after such a strong run that began with a gap-up earlier in the week, some sideways consolidation wouldn’t surprise me. If we do break out above the February highs, that would certainly trigger the usual headlines and retail attention—but that’s often where corrections begin. So, it’s a level to watch carefully.

:: Register for the HUBB Ai Launch Code ::
---------------------------------------------------------------------------------------------------
► Registration Link: https://home.hubb.com/ai-launch-code

:: How to Subscribe to TRADEFINDER LIVE! for Free ::
------------------------------------------------------------------------------------
Become a FREE Tradefinder Member using the link below.
As a subscriber you’ll watch live as Rob finds new trading opportunities each week.
► Registration Link: https://ewotrader.com/tradefinder/


:: Sections in this Video ::
------------------------------------------------------------------------------------
00:00 - Introduction
00:23 - Market Overview
01:56 - AI Launch Code Info (FREE WEBINAR!)
03:14 - VIX
04:37 - DIA
05:21 - QQQ
06:44 - IWM
07:51 - US Dollar
08:45 - TLT
09:47 - SPX & Macro Phases Chart
10:43 - SPX & Fed Liquidity Chart
11:50 - TNX
12:29 - GLD
13:19 - SLV
14:16 - UNG
15:51 - USO
17:40 - BITB
18:34 - ETHW
19:37 - TSLA
22:24 - AMD
24:14 - NVDA
25:18 - MSFT
25:56 - NFLX
26:42 - GOOGL
27:30 - PLTR
28:14 - PPLT


:: To receive TRADE ALERTS for our strategies see links below ::
------------------------------------------------------------------------------------------------
► EWO Volatility Strategy https://ewotrader.com/the-volatility-...
► EWO Impulse Strategy https://ewotrader.com/the-impulse-str...
► EWO Time Strategy https://ewotrader.com/the-time-strategy/

:: Other Links to Follow Us::
--------------------------------------------
► Instagram:   / elliottwaveoptions  
► Facebook:   / elliottwaveoptions  
► LinkedIn:   / elliott-wave-options  
► Twitter:   / ewotrader  
► Website: http://www.ewotrader.com

The VIX has dropped below the 17.5 mark and is drifting toward 15. If that level breaks, 12.5 could be next—something we haven’t seen since last summer. That would imply even more upside for equities, though I’d stay alert for volatility returning once the crowd starts chasing headlines.

The dollar’s breakdown below 97.5 could offer short-term tailwinds for equities, but if it continues falling toward 92.5, sentiment could shift fast. A weak dollar may initially help multinationals, but prolonged weakness might raise concerns about reserve currency status, which would weigh on markets.

Over in the bond market, TLT has behaved exactly as expected, bouncing off trend channel support and retracing its C-wave. There’s still a chance we retrace the entire zigzag up toward 90. This move—along with falling yields on the 10-year TNX—supports the market’s bullish tone for now. The yield curve is slightly uninverted, but still fairly flat, so we’re not fully out of the woods.

In metals, gold (GLD) remains stuck in a triangle. Despite all the bullish arguments, wave four is still active and could head lower.

Energy-wise, natural gas (UNG) bounced cleanly off the $15 support level, validating our TradeFinder analysis. Oil (USO) reversed sharply after topping $80 amid geopolitical fears, and now looks to consolidate with a slight upward bias—but I don’t expect another test of $80 unless something reignites the tension.

Looking at stocks, Tesla is at a pivot point after testing its breakout level from the robo-taxi hype. We’ll find out soon if that was a real breakout or a head fake. AMD has surged but is nearing a key resistance at 145 and may need to consolidate. Nvidia continues its monster run, but like AMD, could use some “backing and filling.” Microsoft just tapped 500 and looks a bit extended. Netflix and Palantir both show solid technical setups with room to move higher, and Google may be the stealth play here with upside toward 190. Platinum (PPLT) has gone vertical and needs a breather—much like the broader market.