The VIX hit a retracement level today that is drawn based on the VIX high of March 4th which was the most recent major swing low of the year on the SPY. The VIX, otherwise known as the "fear index" can be often be used to time the movements of the SPY and the broader market as it has an inverse relationship.
50retracementBeyond Technical AnalysisSPDR S&P 500 ETF (SPY) Trend AnalysisVIX CBOE Volatility Index
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