Volatility Index Update - Tuesday, December 6

The VIX closed at 12.14. A good close for now, while this remains a high Caution to Danger possibility for the medium term. (Remember that the market moves opposite to the VIX.) 

The VIX is still technically engaged in a downside test of a Major Support line. 

No change in past comments: "The fan resistance lines continue to move further out. This could be an escalating problem developing, so be very careful".

This chart is a close up of the VIX ...

 

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