Vix Chart Update below.
The Vix chart as you can see is pretty much on a BUY signal right now. This would mean its a negative situation for the market, and VERY BULLISH for the VIX.
As we have been saying recently, its all about the VIX right now, and that call seems to be spot on the money. If you zoom back to a weekly chart on VIX, it has been perfectly trading in a range. Right now we are in the middle of that range, and it looks like the top of that range might be met again. i.e. About the 20-21 level.
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| Vix Chart Update |
Many traders are missing the signals, but the next few months, it would be wise to watch the VIX, we still think this is a leading indicator and that is why we bought up this chart to look at today.
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