Thursday, July 16, 2015

VIX May Be Giving S&P Green Light



As the S&P moves back toward the recent historic high, the VIX is testing support from a bullish window dating to December that we noted with some timeliness in May (see ‘VIX Shows S&P Ready for an Unpleasant Surprise’).   

A VIX settlement below 12.08 would close the window and open a door to new S&P highs while a hold today above at settlement would put a question mark on the viability of this current bullish S&P advance.  

 

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