$VIX
Added 2023-08-08 12:05:03 +0000 UTCThe $VIX has been making moves, which is to be expected while we witness a lot of stocks in their Wave 4 pull back.
The $VIX is still in its downward trend but we can see that it has certainly moved higher over the last week.
Big test will be at the red line at $17.70
This was a support line that went back as far as the start of 2020, this support line was then lost in May when the banking crisis subsided.
It will be interesting to see if the $VIX holds above the red line now, the 200 Day MA is just above too which may offer resistance too.
