Is the VIX Trying to Bottom?

11/11/2009 4:53 pm EST

Focus: OPTIONS

Thomas Aspray

, Professional Trader & Analyst

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The VIX spiked on Oct. 30th, breaking through near term resistance. The short term MAs have turned back to positive but have been very choppy over the past few months. This may be an early sign of bottoming, especially if the S&P hits new rally highs but the VIX does not make new lows, keep watching the VIX.

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