VIX has dropped below the 50 DMA.
Stocks may be poised to break out, but GDP tomorrow may be important for any further upward progress.
"If at the start this cancerous growth in the nation was not particularly noticeable, it was only because there were still enough forces at work that operated for the good, so that it was kept under control. As it grew larger, however, and finally in an ultimate spurt of growth attained ruling power, the tumor broke open, as it were, and infected the whole body." The White Rose, Munich 1942