1 reply to this topic

[denleo]

VIX is currently trading at 18.50, which is below a rather important 19 -- 20 support zone. If there is no sell off later today, which bounces VIX higher, VIX will have the lowest close since this correction started, and will look like a breakdown. This should propel it to its 200-day MA (15.50), which is three points lower. This will probably translate in higher index prices. So, for VIX not to break down on a closing basis, bears need to get something going on the downside before the close. Denleo

[Jnavin]

VIX trendlines and sto.