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.)Â 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".
