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Yuriy Matso reports that the VIX term structure recorded a significant drop on Friday. This movement is seen as an indicator of a possible bullish scenario in the market for the upcoming week.
Matso has recently tracked other market signals. He observed renewed divergence between the S&P 500 index and the percentage of its stocks above the 200-day moving average in a prior report. In another update, he noted that the Gemini strategy reached a new equity peak as momentum stocks advanced. These developments contribute to a sequence of closely watched technical indicators.