VIX STUDY

Using this study as ONE tool, the VIX has been pretty good in leading the market trend. VIX did bottom in 2007 at SINGLE DIGIT EXTREME....stocks continue higher to ultimate high not long after.....then BEFORE harshest plunge the VIX WAS IN DECIDED UPTREND (shown shaded area).

Now the VIX is low again under 16, but as you can see above it is in a downtrend....so door is open to higher prices for now, not sure how much higher. RESISTANCE ABOVE at 1374 SPX

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