The vix is looking decidedly undecided atm. It may be worth watching for the next day or so. It broke up out of a fairly long down wedge with gusto, came back to test the wedge and bounced (pretty textbook stuff there), found resistance at the 200 day ema and currently found support at the 55 day ema. I have no opinion. It may fizzle back into the wedge but another test of the 200 day ema could be ominous. Also note that the RSI has been bearish (ie bullish for the market) since the falls of last May. The Vix RSI is once again showing some life. Compelling viewing atm imo.
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- freakie friday
freakie friday, page-16
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