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VIX @ 40.....VXN breaks 50 today

  1. Anyone tracking this recent leg down technically speaking??

    With an options expiration week coming up, this should really be interesting. At some point, a significant bounce on coverings is strongly possible.

    I know like clock work last year when we were at these volatility levels (actually the VIX in the low 40ish range, we always seemed to bounce) and when I say bounce, I am talking about a day or day and a half.

    This seems to be a good chance for the Dow to retest the low of last year.
     
  2. VIX hit 40+ today! Time for a revival!

    kp