VIX Turns Higher

09/24/2009 2:57 pm EST

Focus: OPTIONS

Thomas Aspray

, Professional Trader & Analyst

chart
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Midway through the trading the day, the VIX futures have risen rather sharply, but are still below a steep downtrend and the strong resistance in the 30 area. Though the VIX may starting to bottom, the pattern suggests that this will take a week or two. The action is much different than what was seen last September.

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