VIX (Volatility index) outlook for September 1, 2014

Same old story: VIX close to multi-yearly lows, but does not take the extra step down to go to the single digits. With US indices at all time highs, there may be some uncertainty around because of weak European markets & geopolitical issues. Significant resistance in the 12.50/13.50 area. In my opinion we are seeing some consolidation in the VIX before the next drop.

VIX_20140829

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

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