VIX daily chart analysis

Near-term uptrend for the VIX
VIX chart analysis showing the near-term uptrend with resistance levels.

VIX YTD Candlestick chart

VIX, the so-called fear gauge, has an inverse correlation (not always perfect) to the major U.S. Indexes. When the VIX topped in June, the S&P 500 bottomed. When the VIX bottomed in September, the S&P Index topped. Take your cues from the charts and trade accordingly. The current resistance point is 19 followed by 21. The extent of the upward movement for VIX will determine the extent of the retracement for the S&P 500 Index in the post-election correction.

Reference the last chart analysis for the VIX.

Reference the last chart analysis for the S&P 500 Index.

Relevant articles picked from the Web:


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 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

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.