VIX UPDATE

We are bouncing off the 50-day MA right now at 44.45. Initial target has been met. Expect a bounce in the VIX to last for at least 1 day. We did not hit the 50-day MA in a very long time, so it's appropriate for the VIX to test it. There is also strong support evident from the late September breakout from consolidation. At this point, we've broken the uptrend and we may consolidate at the 50-day MA for 1,2,3+ days and a breakdown at the 50-day MA will bring the VIX to the 20s.

Don't forget to try the Free Trend Analysis. It's FREE, so give it a shot!