We’re approaching that 12.5 support level in the VIX again that I’ve written about a couple of times recently:
With the market looking tired here (check out the volume and MACD histograms diverging with the new highs in price) I think we can expect it to take a rest soon:
The REAL question on my mind, however, is, “will this be a pause that refreshes or was the rally from the lows simply a rest for the bears?”
LIV