Is the VIX Revealing Complacency?

Inverted VIX chart (lower graph) compared with Dow Jones Industrials shows the VIX approaching levels not seen since the May top.

Vix_arms

Courtesy of Dick Arms


This makes  it increasingly less likely that we are approaching a bottom than a top; Note that the VIX can maintainthese levels for extended periods of time.

Category: Technical Analysis

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