VIX Up, Stocks Up Signals Consolidation or Pullback, Volume Turns Defensive

The SPX muscled a win on the session after yesterday's lower close. Kevin Green points out the day's range-bound action as he notes "defensive in nature" volume. However, a "VIX up, stocks up" scenario could be a warning sign for short-term consolidation or a pullback, backed by utilities outperforming Mag 7 stocks.

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