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


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.


Leave a Reply

Your email address will not be published. Required fields are marked *