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The S&P 500 made a move to the upside yesterday after the AP Twitter hoax was over and done with, breaking through and holding above its TRADE line of resistance at 1557. In turn, volatility (VIX) took a nose dive and fell below our TRADE support line of 14.82. The VIX is quite capable of going lower and we would not be shocked if we saw it dip below the 11 mark if and when the S&P 500 is above 1600.

VIX: Slice And Dice - YTD VIXSPX