Is the VIX Starting to Bottom?
08/19/2009 1:27 pm EST
The VIX was up sharply Monday and convincingly broke the daily downtrend. The 10/20 MAs have turned positive, also an early sign that a bottom may be forming. It would take a close above 28.50 to suggest that a low was in place. It will be important to watch the July lows on any decline.