On 08/12/25 the S&P 500 (SPX) and Nasdaq Composite (IXIC) reached new all-time highs. This invalidates the bearish divergence made on 08/08/25 when IXIC made a new high unconfirmed by the SPX.
Additionally, the VIX made a new post 04/07/25 low. This invalidates the higher VIX bottom made on 08/08/25.
The daily SPX, IXIC, and VIX chart courtesy of Trading View illustrates the action.
This implies more upside action for U.S. stocks. Continue to watch VIX, SPX, and IXIC for divergences.
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