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December 6th. Update ... The VIX closed at 12.14. A good close for now, while this remains a high Caution to Danger possibility for the medium term. (Remember that the market moves opposite to the VIX.)
The VIX is still technically engaged in a downside test of a Major Support line.
*No change in past comments: "The fan resistance lines continue to move further out. This could be an escalating problem developing, so be very careful".