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 ...