A Quick Note on the $VIX

As with prior updates (here, here and here), I continue to look for technicals that may support my expectations here.

And now, with the $VIX, we can see that it has arrived at the “upper fan line” built from prior spiky highs.

If this provides resistance, we may get a reversal here that would support a bounce on the S&P, which I continue to expect here.

VIX


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