Tuesday, October 28th. - Stock Trends, Charts, and Commentary (*** If you see last week's Tuesday Update: Click Here)
Don't get too brave yet ... is what today's VIX chart is trying to say.
This chart show's the VIX's action since September of this year. From our assessment, the VIX is still in a technical up trend and it remains above its support line.
The problem with this is that the VIX is a snapshot of the Options expectations for the market 30 days out. So, please remain cautious, hedge, or use common sense when at high risk levels such as this.
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