Zzup, I mentioned the Vix this morning along with US dollar index but didn't post a chart...
The interesting thing is that it broke through what I thought would be likely support (past resistance) which coincidently is the 38.2 per cent fib.
Instead it GAPPED down... so we are either at the dawn of a continued equities uptrend....or, probably more likely, the end of the current one. An island reversal perhaps?
Like the Dollar Index the VIX is oversold.
"sexy saturday", page-17
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| XJO (ASX) Chart |