Monday, February 8th. - Stock Trends, Charts, and Commentary (***If you see last week's Monday Update do a refresh: Click Here)
Danger is the word for today.
The VIX, often referred to as the Fear Indicator, is at a precarious level.
On Friday, it closed above the resistance of our third fan line. Above that resistance level would be a real negative for the markets. Fortunately, at the close on Friday, the VIX moved back down to just below the third fan line.
Today is a caution day, and an important test day for the VIX. Watch it carefully today, because the what happens to the VIX now will be critical to the market's direction.
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