Two Approaching Supports Coming: Keep an Eye on the VIX
01/28/2016 9:44 am EST
On Wednesday, Marty Chenard of StockTiming.com takes a technical look at the VIX since, short-term, it has showed improvement by moving lower. Marty suggests that with two approaching supports coming, the index should be watched carefully.
Note the sequence of higher highs from December to now...so the concern would be centered around a possibility that the VIX could rise higher than the previous high. (Since the VIX moves in the opposite direction of the stock market, that would be a negative.)
By Marty Chenard of StockTiming.com