Time goes on, but the risk levels remain high ... here is why ...
Take a look at the 22 month VIX chart that we posted this morning and note that the VIX has been moving down toward its support line, but has not reached it quite yet (a positive move for the market).
Seeing that there was a recent breach on the most recent fan line, there is a very strong possibility that it will be retested fairly soon. (Since the market moves opposite to the VIX, that would have a negative impact on the market.)
