The VIX 200-day MA at 16.52 is a key bull-bear line in the sand for the stock market. Volatility moves inversely to the SPX about 90% of the time. Interestingly, Keybot the Quant, that is currently short, identifies 16.47 as the key bull-bear line in the sand.
Thus, bears win big above the 16.50-ish level. Bulls remain in the driver's seat if VIX remains below 16.50-ish. Four hours before the opening bell for the regular Thursday trading session, the VIX is trading at 13.92 dropping below 14. The VIX begins trading at 3 AM EST. The lower volatility pops S&P futures +9 points. 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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