Sunday, May 1, 2016

VIX Volatility Daily Chart

Market bulls remain relatively relaxed during the last few days with stocks drifting lower. The VIX remains under the 200-day MA at 18.56 and also under the 18.72 level which is identified by the Keybot the Quant algorithm as a key bull-bear line in the sand. Rest assured, if VIX moves above 18.56-18.72, the stock market will be tumbling lower in earnest.

But the VIX could not even close above the 50-day MA resistance at 15.70 which will be the first upside target for volatility. The bulls dab their cigarette ashes in the bears face remaining unworried or concerned about the minor stock market pull back. Bulls are fine with VIX under 18.56-18.72. Bears will be creating serious market carnage if VIX moves above 18.56-18.72. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

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