the Vix is getting close to the green line which is the 50 week moving average. It held there before in late January(blue circle). A bounce off it again (double bottom) could tell us the rally in stocks could be coming to an end. A break below the weekly 50, would be very bullish for stocks.Sunday, April 5, 2009
Vix close to support
the Vix is getting close to the green line which is the 50 week moving average. It held there before in late January(blue circle). A bounce off it again (double bottom) could tell us the rally in stocks could be coming to an end. A break below the weekly 50, would be very bullish for stocks.
