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..
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!
Revisiting the $VIX Reversal Signal
Last week, I wrote about the $VIX Reversal Signal in my post entitled “Follow the $VIX”. Well, we’ve seen the reversal in the $VIX come to fruition, but is the market ready to follow?
Follow the $VIX
The Volatility Index ($VIX) fired off the first step of a key reversal signal after yesterday’s close – one that could spark the next buying opportunity in the broader market. Let’s take a look!