VIX (Volatility index) outlook on September 10, 2014

From a longer term perspective VIX is on a sideways move, not doing the extra step to climb over 20 or fall below 10. It is a trader’s market, now facing some trouble to go over the 200-day SMA. Only a close below 12.50 will open the door to a new yearly low. I think we will be lower from here at year-end.

VIX Index, daily chart:

VIX_Daily_20140910

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

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