(try this again - with both charts)
Both the S&P and VIX have reached significant support / resistance zones.
The zone on the VIX can be seen to go back for a while; as well as holding the market more recently (2013 +)
We can see that this currently corresponds with a significant market s/r on the S&P.
The VIX suggests that the current drop from the market may end soon.... or else the VIX is going to need to break its long term resistance.
If the current s/r's fail, we can see the next likely market levels to take note of.
Both the S&P and VIX have reached significant support / resistance zones.
The zone on the VIX can be seen to go back for a while; as well as holding the market more recently (2013 +)
We can see that this currently corresponds with a significant market s/r on the S&P.
The VIX suggests that the current drop from the market may end soon.... or else the VIX is going to need to break its long term resistance.
If the current s/r's fail, we can see the next likely market levels to take note of.
Andrew J.D. Long, MFTA
MATASII.com
MATASII.com
