Technical Analysis: VIX – CBOE Volatility Index

Key support level for the VIX is 20
Monitor the key support level of 20 for the VIX

VIX 3 Year Weekly Chart

The VIX is the fear gauge for the U.S. market and has an inverse correlation to the major U.S. Indexes. A break below support of 20 would be an indication that the near-term rally in U.S. stocks can continue.

Reference the last chart analysis of the VIX.

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

Leave a Reply

Your email address will not be published.