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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

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The VIX closed at 12.14. A good close for now, while this remains a high Caution to Danger possibility for the medium term. (Remember that the market moves opposite to the VIX.)

The VIX is still technically engaged in a downside test of a Major Support line.

No change in past comments: "The fan resistance lines continue to move further out. This could be an escalating problem developing, so be very careful".

Long-Term VIX

Medium-Term VIX

 

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