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Marty Chenard

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

The VIX is facing a challenge right now ... a close above 11.32 would be a negative for Tuesday.

On Friday, the VIX closed at 10.58 (A Danger possibility exists "after" it reverses its short term down trending.

This remains a high Caution to Danger "possibility" for the medium term.

(Remember that the market moves opposite to the VIX.) The VIX has been 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

Short-Term VIX

 

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