Wednesday, November 9, 2011

Breakdown again? (2011-11-09 VIX analysis)
















The daily chart for Volatility Index is shown above. The index seems trying to break downwards again. Currently it has plunged below both the red channel and the green up-trend line, but is still being supported by 61.8% retracement level. If the index rebounds, then 35.5 would be next resistant level.

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