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Marty Chenard

Marty Chenard

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he…

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Is The VIX Really OK?

Yesterday, the VIX closed at 15.58, so it looks like it is okay. But is it really?

The verdict is actually not in yet ... take a look at October, April and now. April was the lowest reading, with October and now not as low as it was in April. With that condition, there remains a possibility of an inverted Head & Shoulder pattern which would have upside implications for the VIX.

SInce the VIX moves opposite to the market, that would not be good for thestock market.

VIX

 

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