Is the $VIX Signaling a Market Reversal?
The CBOE Market Volatility Index ($VIX) is currently sitting just above critical long term support, which has held since 2007. A bounce off this level could lead to a broader market decline. Here’s more..
Watch the $VIX
The CBOE Volatility Index ($VIX) is testing a confluence of support in the 15.50 zone, which could ultimately lead to a bullish reversal in this index. Such a move could have an adverse affect on the major market indexes. Here’s why..
A Technical Look at the $VIX
The Volatility Index ($VIX) looks ready to explode, which could help us forecast the next major directional move in the major market indexes. Let’s take a look at a few technical factors in the $VIX, which could offer directional clues.
S&P 500 to 1,200?
Last week, I wrote about the 1,000-point triangle pattern in the Dow Jones Industrial Average, which finally went into full “breakout mode” late in the week. The S&P 500 Index (SPX) is getting the initial break through the top of its triangle, too, which forecasts a move back to 1,200…but it might need a little help from the $VIX.
Look Familiar?
I wrote about the $VIX Reversal Signal in my June 30 entry entitled “Follow the $VIX”. So far, the $VIX Reversal Signal has been money…but so has the H&S fake breakout I diagrammed on the S&P 500!