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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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VIX

By Marty Chenard - Sep 21, 2016, 8:24 AM CDT

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