– VIX revisited the bottom trendline of its massive Ending Diagonal this week. VIX measures the hedging activity in the options market against the S&P 500 Index. There seems to be very little perceived to hedge against a decline in the SPX.

SPX spends a second week above resistance.

– SPX spent its second week above the upper trendline of its Ending… Continue reading →

– VIX closed beneath its short-term weekly support at 13.06. It had held above it until the final hour of the day, when the algos were turned on to “Bang the Close.”

SPX is in a throw-over.

– SPX appears to have thrown-over its 1987 trendline, which is the cause of much rejoicing among the bulls. However, it stalled in very close… Continue reading →

– Not surprisingly, VIX did not make a new low while the SPX made a new high. The reason? Hedging activity has stopped declining. While most investors may be unwilling to short the market, there is still a core of participants who see the necessity to stay hedged.

SPX rallied to its 13-year Top.

– SPX appears to have thrown-over its 1987… Continue reading →

– VIX closed under its weekly long-term support/resistance line after challenging it all week. It remains above weekly Short-term support at 13.34 and weekly Intermediate-term support at 13.25. VIX measures the hedging activity in the options market against the S&P 500 Index. Increased hedging activity generally precedes selling activity in the SPX.

SPX closed under its 13-year Top -… Continue reading →

– VIX broke out above its prior 3-month highs and appears ready to challenge its December high at 19.28. It closed just under its weekly long-term support/resistance line after challenging it all week. VIX measures the hedging activity in the options market against the S&P 500 Index. Increased hedging activity generally precedes selling activity in the SPX.

SPX reverses from its 13-year… Continue reading →

– VIX continues to build a base of support above the bottom trendline of its massive Ending Diagonal this week. VIX measures the hedging activity in the options market against the S&P 500 Index. Increased hedging activity generally precedes selling activity in the SPX.

SPX now challenging its 13-year Top.

– SPX has challenged the upper trendline of its Ending Diagonal… Continue reading →

– VIX continues to build a base of support above the bottom trendline of its massive Ending Diagonal this week. It challenged long-term resistance at 15.47 and may be preparing to overcome it next week. VIX measures the hedging activity in the options market against the S&P 500 Index. Increased hedging activity generally precedes selling activity in the SPX.

 … Continue reading →

– VIX continued to build a base of support above the bottom trendline of its massive Ending Diagonal this week. There is a clear reversal pattern completed this week indicating a resumption of its uptrend. VIX measures the hedging activity in the options market against the S&P 500 Index. Hedging activity generally precedes selling activity in the SPX.

 … Continue reading →

– VIX tested the bottom trendline of its massive Ending Diagonal and it held this week. It has also closed above its short-term moving average at 13.14. VIX measures the hedging activity in the options market against the S&P 500 Index. Hedging activity generally precedes selling activity in the SPX. ZeroHedge has this informative article about the VIX.

 … Continue reading →