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WTF Chart of the Day: VIX Is Settling At Its New Home
A quick note on VIX why it has moved towards 12.
Anyone who has read my article on the real underlying behaviour driving VIX level should know that as S&P500 moves towards 1900, VIX is bounded to move towards 12. That’s the way it is. The fact that VIX drifts into 12-13 area is not a signal by itself that the market is topping.
It takes more than that for a market top setup.
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