VIX (Volatility index) outlook for August 29, 2014

VIX with a dead cat bounce today. Indices retreating a bit from all time highs. Significant resistance for VIX in the 12.50/13.50 area. In my opinion, no reason for worry. What we are seeing is some consolidation before the next leap higher (for the indices) & the next drop (for the VIX).

VIX_20140828

Chart courtesy of StockCharts.com. http://stockcharts.com

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