Friday, July 17, 2015

VIX Confirms Support and Bearish S&P Risk



For guide, the VIX settled above the early December window level of 12.08 on Thursday, thus confirming again its value as a support level.  All else equal, this should temper any bullish view for S&P’s.  There is little other warning signs save a small decline in early trade today to indicate any trouble, but we would think the risk / reward currently lies in favor of the short.  Our confidence rests in immediate satisfaction.   See (‘VIX May Be Giving S&P Green Light’) for further discussion.    

 

 

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