The VIX closed at 16.33. Remain on the Cautious side as this could be end up being a DANGER condition. – – – (Remember that the market moves opposite to the VIX.) The fan resistance lines continue to move further out. This could be an escalating problem developing, so be very careful. (The VIX has been consolidating for a breakout soon.) The VIX resistance is 17.65 on a closing basis today.
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