Key support level for the VIX is 20
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.
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.
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