Monday, 1 October 2012

The VIX held up very well

Considering the early morning index gains the VIX only went briefly red. With the latter day index rollover, the VIX managed moderate closing gains of




So the VIX managed a green close. The hourly cycle is possibly already maxed out though, which is a real problem for the bears on Tuesday. The daily cycle though probably allows a few more days of upside.

Primary remains 18/19, it seems unlikely we can hit the big 20 any time soon. Could be weeks...if not months.