The volatility index, which was recently at 2008's levels. Is starting to go lower, as the S&P is trying to make a bottom.
We are also trying to move out of a logarithmic moving channel (400%+ in less than a month).
The 10 Simple-Moving-Average, is becoming increasingly important; as we are testing it as support and resistance, for the VIX and the SPX respectively.
For more information on the VIX, click on the related ideas.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.