VIX Opens the week in a new range

This week we open the VIX in a new Weekly range not seen since the first months of the year. The 32.08 Resistance will be the next timing for the bottom of the S&P while the 22.29 Support will time the next highs.

The VIX has an inverse coorelation with the market; when the market as a whole goes up, the VIX goes down and vice versa. Finding major Weekly Ichimoku levels and setting alerts gives a tremendous advantage in foreshadowing major market highs and lows.