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Value Line Arithmetic

S&P Turns Green For 2016 As "Average" Stock Reaches Key Technical Resistance

On the heels of Trannies and The Dow, The S&P 500 just crossed into green for the first time in 2016. This technical melt-up occurs as the "average" stock reaches a key intersection of recent trendlines...

S&P 2016 Green for St.Paddy's Day... 2043.94 taken out

 

Note the VIX tails as the market lurched higher... VIX slammed to a 13 handle...

 

But as Dana Lyons' notes, the "average" stock is hitting key resistance...