The stock market volatility index & Vix Weekly chart is showing us something very important.
The stock market volatility index & Vix Weekly chart has been in a downdraft since the end of 2012, that is what is keeping the market so buoyant Right now we are about 12.5 on the VIX weekly chart, and almost down at support again.
The thing about the recent support is that the VIX is having a hard time getting through these levels, so it is something we much watch. If we bust through these lower levels the Market will likely skyrocket. However if we go and touch these lower support levels and then bounce we will likely see some sort of a sell off, so VIX will be a good chart to keep a close eye on.
|stock market volatility index - Vix Weekly chart|
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