VIX Flashes Bearish Stock Signal

The VIX gave up 0.98 points last week to close at 14.72 after peaking on the expected short-term cycle high on Wednesday. Since March, the VIX has been turned back by resistance at 16.40 several times highlighting the importance of this level. A breakout from 16.40 will be very bearish for equities. Last Friday was an expected 34-day cycle low. The weekly Coppock is very oversold warning of a tradable rally in the VIX (bearish equities).

Take a “sneak-peek” at Seattle Technical



Join In on this conversation, post a comment below.
No comments yet... Be the first to comment.



Key SPX Trading Clues From Fed Officials

Every week we start Sunday night by looking at the upcoming economic events – the ones that are...

May 09, 2016