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Investors could become defensive if we don't get up to 3,150 and close above there for a couple days in a row.
To see when we might dip, Chris said to keep an eye on the VIX.
Right now, the VIX below 30 is a positive indicator that investors are optimistic about stocks.
But there are two key levels to watch: the VIX at 30, and then 35.
A break above both would be an indicator stocks could be ready for another correction.
Chris will update Markets Live viewers Monday at 8:45 a.m. on his next real-time broadcast.
Make sure to tune in.