$VIX Shows Beginning of an Uptrend (VIX)

Posted on May 30, 2013 - 10:38am

ryanbrennan's blog

By Lawrence G. McMillan

$VIX rose again yesterday (6 days out of 7), and its chart clearly shows the beginning of an uptrend. We had been saying that a close above 15.11 was necessary to confirm that uptrend, but it doesn’t really appear that way now. The uptrend is evident from blue line on the chart (below). A close below 14 would break that budding uptrend and return $VIX to a bullish state. But for now, I am grading $VIX as a negative indicator.

The construct of the $VIX futures remains bullish, though, with the term structure only flattening slightly yesterday...

$VIX May 29th

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ryanbrennan's blog

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