The current VIX Index (Volatility Index) chart is posted below going back to 2015.
Please note the following: The long term trend has been down with each successive peak being lower. (A lower VIX correlates with a higher stock market and a higher VIX with a lower stock market.)
The most recent peak that occurred breached the resistance line which is normally a not so good sign for later.
Yesterday, the VIX closed above a long term fan line and so it will need to close below the fan line now in order for the market to get more adrenaline.
Comments
Log in or sign up to join the conversation.