A Quick $VIX Observation

Two observations on the $VIX:

  1. Yesterday, we closed above the Bollinger Band (green arrow). If we close back within it today, that is a traditional $SPX buy signal.
  2. We are right at the Great Sven Wedge™ again (it really loves this thing). Bulls will of course like to see it fall below that trend line (red arrow).

VIX


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