VIX
is almost @ the MAJOR SUPPORT level we have spoken about many times.
IF this 12 area is broken it has a history of going as low as 10.
Sub 10 = R A R E!
Pulling back to this area after a high VIX, then normalizing to a low #VIX, it has signified a GOOD SPX RUN.
After some time, shortest span was 2 years, the VIX eventually trades higher & #stocks have an eventual crash.
IF this 12 area is broken it has a history of going as low as 10.
Sub 10 = R A R E!
Pulling back to this area after a high VIX, then normalizing to a low #VIX, it has signified a GOOD SPX RUN.
After some time, shortest span was 2 years, the VIX eventually trades higher & #stocks have an eventual crash.