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Saturday, November 23, 2024

Fear index ahead of itself as it hits strong falling resistance

Courtesy of Chris Kimble.

vixresistancetestimportantjuly8CLICK ON CHART TO ENLARGE

The VIX (Fear Index) has shot up of late on a very small decline in the S&P 500.

Did it get ahead of itself?

A small decline in the S&P 500 has the VIX hitting resistance based upon the 2009 highs.

For the past few years fear has peaked at this falling resistance line, will it be different this time?

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