Friday 18 May 2012

VIX - climbing into the weekend

A real warning is still being issued from the VIX, which closed in the 25s.


VIX'60min



VIX, daily, bullish chart



VIX, weekly


Summary

The next main level is the 200 MA on the weekly cycle around 27, and then the 31 quake low/spike from March 2011. There is nothing 'bullish market' about this!

The VIX weekly chart is offering potential for a break over 49..in the June/July period.