VIX - WEEKLY RSI hits a multi year LOW

The VIX's RSI indicator shows us a low it hasn't touched in many many years!

How do I read this?

As a BIG MOVE TO THE UPSIDE COMING which coincides with the SPX hitting a resistance at the moment.

S&P 500 (SPX500)Trend AnalysisVIX CBOE Volatility Index

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