• 694 days Will The ECB Continue To Hike Rates?
  • 694 days Forbes: Aramco Remains Largest Company In The Middle East
  • 696 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,096 days Could Crypto Overtake Traditional Investment?
  • 1,101 days Americans Still Quitting Jobs At Record Pace
  • 1,103 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,106 days Is The Dollar Too Strong?
  • 1,106 days Big Tech Disappoints Investors on Earnings Calls
  • 1,107 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,109 days China Is Quietly Trying To Distance Itself From Russia
  • 1,109 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,113 days Crypto Investors Won Big In 2021
  • 1,113 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,114 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,116 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,117 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,120 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,121 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,121 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,123 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

Charts and Commentary

Today, we will stay with looking at the VIX (Volatility Index) versus the S&P 500.

By now, you can see the importance of the VIX's relationship to the market's movement and how important it is to draw good support and resistance lines on the VIX.

Note what happened when the VIX went above the first red (lower) resistance line. The market dropped.

Yesterday, the market dropped again as the VIX went Higher ... But ...

Yesterday, the VIX hit its second highest red resistance line and stopped immediately upon hitting it and then dropped back.

There is a good chance that it will now pause and move lower today. Since it moves opposite to the market, that would be positive for the market today as long as it continues to trend down.

Follow it on your own and look at a 5 minute $VIX chart along with the S&P. Note that any trend direction change on the VIX will produce the same and opposite change on the S&P.

Please Note: We do not issue Buy or Sell timing recommendations on these Free daily update pages. I hope you understand, that in fairness, our Buy/Sell recommendations and advanced market Models are only available to our paid subscribers on a password required basis. Membershipinformation

 

Back to homepage

Leave a comment

Leave a comment