VIX is re-testing the recently broken uptrend line as the Q’s hit their primary downtrend (posted below). VXN has also pulled back close to, but just above key horizontal support. taken together, maybe the markets push a little higher for the SPY to hit it’s downtrend line while the VIX skates down this trendline a bit and the VXN falls to support? not sure but not going to try to chase anything here either. i’ll wait to see how the market follows thru next week before doing much of anything.
