Three Must-See Charts on S&P 500, VIX, Crude

Katie Stockton from Fairlead Strategies provides an analysis of the S&P 500, highlighting its recent trading below support levels and potential corrective phases. She discusses the VIX, noting its overbought status and expected volatility contraction. The crude oil market is examined, with a focus on short-term momentum and support levels. Finally, tech stocks are reviewed, emphasizing their positive relative strength and potential market impact following earnings reports.

What is the significance of the 3357 level for the S&P 500?

• It is a resistance level.

• It is the all-time high.

• It is a support level.

• It is the 200-day moving average.

How is the VIX related to the S&P 500?

• They are directly correlated.

• They move in the same direction.

• They are inversely correlated.

• They are not correlated.

What is the current status of the VIX according to the analysis?

• Stable

• Overbought

• Neutral

• Oversold

What is the short-term support level for crude oil based on the analysis?

• $37 per barrel

• $32.50 per barrel

• $50 per barrel

• $40 per barrel

What is the expected impact of tech stocks' earnings reports on the market?

• They will lead to a market rally.

• They could trigger an oversold bounce.

• They will have no impact.

• They will likely cause a market crash.