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