Taking a look at the Volatility Index (VIX) daily chart, Justin noticed we are forming a symmetrical triangle as well as coming into the 200-MA. Watch for a contraction of the VIX into the 30's to signal a move higher, but if the VIX breaks to the upside, we should see stocks go lower.Thursday, February 12, 2009
VIX Triangle
Taking a look at the Volatility Index (VIX) daily chart, Justin noticed we are forming a symmetrical triangle as well as coming into the 200-MA. Watch for a contraction of the VIX into the 30's to signal a move higher, but if the VIX breaks to the upside, we should see stocks go lower.
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