I'm watching closely this Vix thing. Some bullish hints can be seen, RSI and MACD allthough not strong yet. Should it want to close the gap, I think it'll reach the green box, between MA20, daily Pivot and 38.2 % Fib retrace. That'll be enough for SPX to move decisively.
Any thoughts?
use angle 4 and 5 as your entry angle,,, if price goes up near angle 4 take a bear position swich to bullish if price close above angle 4 and switch again if it afterthat close bellowe angle 4,,, same setup with angle 5 if price close above angle (ii),,,
The VIX also referred to as the "fear gauge" has just entered into a complacent or "risk on" extreme. Over the last 2 years the VIX has repeatedly found support between 12-14. When price is trading in this 2 point range and when the 9 period RSI falls below 40 it has proved to be a great entry point. Conversely, the 18-20 range has been a reasonable exit point...
