Monday, February 8th. - Stock Trends, Charts, and Commentary (***If you see last week's Monday Update do a refresh: Click Here)
What is the VIX saying?
Last week ended with the VIX closing in the middle of a triangular formation. The VIX will breakout of this triangular formation soon, and the rising fan lines are of concern with the dark thick blue one being a larger concern.
Since November, the VIX has made three higher peaks and that could be our achilles tendon. What we don't need to see, is for the VIX to close above the thick blue resistance line seen on today's chart.
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