Thursday, August 30, 2012

VIX chart updates

Last week I posted this VIX charts and so far the market has pulled back nicely off the highs. 

The first chart shows a weekly VIX chart, as I've been showing, it had come back to a long term weekly support trendline, and logically it has bounced off it.

The second chart shows a 60 min VIX chart, as I showed last week, a well defined inverse H&S pattern was forming and now price is into the gap zone (in yellow).

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