VIX breaks short-term support…500 attempting to break short-term resistance-

Posted by Chris Kimble on 05/22/2012 at 9:36 am; This entry is filed under S&P 500, VIX.

The picture below is a close up of a fly with dew on it in the mornings, by Ondrej Pakan   Speaking of a close up view, the VIX is attempting to break support and the 500 is attempting to break resistance in the chart below.

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The VIX has increased 50% in value while the 500 index has declined 7%.  On a micro/short-term basis did fear levels get a little extended?

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One Comments

  1. tom reilly May 23rd, 2012 at 6:17 am

    The vix is following the vstoxx

    it will catch up soon