Journal ·
Wednesday, 20 May 2026
Regime NeutralMarket regime
Neutral — the model's authoritative close-of-day read. VIX 17.44 (calm, vol easing). Breadth 53.5% (524/979) of names above their 50-day EMA (mixed — about half of names in primary uptrends). SPY closed 741.31 — +10.8% vs its 200-EMA (669.23).
Key numbers
| Metric | Level | Read |
|---|---|---|
| Regime | Neutral | Close-of-day read |
| VIX | 17.44 | Calm — vol easing |
| Breadth >50-day EMA | 53.5% (524/979) | Mixed — about half of names in primary uptrends |
| SPY close | 741.31 | +10.8% vs 200-EMA (669.23) |
Regime assessment
The model reads neutral: the signals are mixed, neither confirming a rally nor pointing to stress.
Status
Close-of-day regime for 20 May 2026: neutral.