With the S&P 500 hitting 1500 today, a level not seen since December of 2007, traders are wondering how low the CBOE Volatility Index (VIX) can go. Currently, the VIX is at 12.6 after touching 12.43 earlier this week; a low not seen since April of 2007. The S&P 500 is overbought and the VIX is close to being oversold at our immediate-term TRADE level of 12.19 and the upside in US equities looks to continue with volatility remaining depressed.
