While we wait for the SPX to break 1000 and seek clues as to likely momentum thereafter, I thought it might be a good time to review the SPX and VIX crosses that I've profiled before.
In this case we're looking at a 30 day 65 minute chart of the SPX with the VIX overlaid. I use a 65 minute chart in lieu of a 60 minute since the normal trading day is 390 minutes and 60 doesn't divide into that evenly while 65 does. Not every platform lets you customize the bar minutes (I also frequently use 130 minutes or 390/3) and it's one of the features of my Schwab platform that's proved handy.
Note how this simple chart has captured the changes in momentum of the SPX and, while not picking precise tops of bottoms of the cycles, has certainly generated robust signals for the capture of sweet spot gains, both long and short on both an intraday and daily basis.
An easy chart to set up and one that should keep you on the right side of the trend.