VIX: 1 April 2014, Tuesday, 9.15pm Singapore Time
Chart courtesy of StockCharts.com
Attached above is the daily chart of the VIX Fear Index. It is doing a large rounding bottom formation which is essentially bullish in formation as above; a large bullish VIX build-up implies a large bearish stocks and equities market build-up.
The long term bullish build-up in VIX has serious implications:
Financial markets are building up big in bearishness, and this coincides with the worldwide financial markets' transition to bear markets.
All previous VIX analyses:
Donovan Norfolk Ang Technical Rating:
Bullish on VIX
Bearish of Stocks and Equities Worldwide
(Get out of stock markets)
(Get out of stock markets)
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