Journal ·
Friday, 15 May 2026
Regime NeutralMarket regime
Neutral — the model's authoritative close-of-day read. VIX 18.43 (elevated, vol firming). Breadth 48.1% (471/979) of names above their 50-day EMA (narrowing — most names below their 50-day EMA). SPY closed 739.10 — +10.9% vs its 200-EMA (666.31).
Key numbers
| Metric | Level | Read |
|---|---|---|
| Regime | Neutral | Close-of-day read |
| VIX | 18.43 | Elevated — vol firming |
| Breadth >50-day EMA | 48.1% (471/979) | Narrowing — most names below their 50-day EMA |
| SPY close | 739.10 | +10.9% vs 200-EMA (666.31) |
Regime assessment
The model reads neutral: the signals are mixed, neither confirming a rally nor pointing to stress.
Status
Close-of-day regime for 15 May 2026: neutral.