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VIX: Outside Tick

Yesterday, the VIX had an outside tick.

What is an outside tick?

It is a tick that is above and below the tick from the day before.  As such, it is considered an "indecision" tick where the market did not make a clear decision.

That would make today or tomorrow a decision day by establishing a tick that was in a clear posture.

VIX Daily Chart

 

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