The VIX dropping below 20 for the first time in over a year would be hugely significant, and most likely cause a breakout in SPY towards 400.
It's currently hugging that level in anticipation of the FOMC meeting tomorrow which could well be the catalyst that pushes up over the edge.
It's currently hugging that level in anticipation of the FOMC meeting tomorrow which could well be the catalyst that pushes up over the edge.