• It's Here!

    Etf Pro

    Get the big financial market moves right, bullish or bearish with Hedgeye’s ETF Pro.

One of the most obvious bull market “Trends” remains that in volatility. As measure by the VIX Index, I see significant support at the 21.54 line, and potential for a massive breakout if fear can creep back into market psyche.

A close above 24.03 would do the trick – I see no reason why we can’t retest my prior capitulation target level of 31.

Be careful out there.
KM
Picture: http://assetbuilder.com/wp-content/uploads/2007/10/071015.jpg