The $VIX (CBOE Market Volatility Index) is at support where a tradable bounce is likely. Should the S1 level give way, a move down to the S2 level (very solid support) could put in an even more powerful divergent low. For those that don’t care to trade the $VIX, at times it can provide some predictive value by confirming or helping to validate bearish technical developments in the broad equity indices.
$VIX daily April 14th