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What is the VIX Saying Now?

Yesterday, the VIX had an inside tick while last week at this time was an outside tick.

As we had commented last week, both are considered "indecision" ticks where a definite direction has not been picked yet. Therefore, the Volatility Index may be erratic today, and if it "closes" higher, it could spell trouble ahead.

VIX Inside Tick

 

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