Good morning
The VIX is so far failing to indicate any trouble/fear in the market, although we are of course only 3% or so from the recent highs. The bears need to see VIX close today in a good state. At the very minimum another close over the 10MA (16.89) is essential, but preferably..19s. A Friday close of 20+ would be the perfect set up for SP'1340/1300 next week.
VIX, weekly
More throughout the day !
The VIX is so far failing to indicate any trouble/fear in the market, although we are of course only 3% or so from the recent highs. The bears need to see VIX close today in a good state. At the very minimum another close over the 10MA (16.89) is essential, but preferably..19s. A Friday close of 20+ would be the perfect set up for SP'1340/1300 next week.
VIX, weekly
More throughout the day !
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