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VIX

The current VIX Index (Volatility Index) chart is posted below going back to 2015.

Please note the following: The long term trend has been down with each successive peak being lower. (A lower VIX correlates with a higher stock market and a higher VIX with a lower stock market.)

The most recent peak that occurred breached the resistance line which is normally a not so good sign for later.

Yesterday, the VIX closed above a long term fan line and so it will need to close below the fan line now in order for the market to get more adrenaline.

VIX

 

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