VIX continues descent.
VIX continues descent. The CBOE VIX declined slightly on Thursday as stocks lacked any real direction in early trading, down 0.74% 10.67 at time of writing.
The S&P500 VIX Index appears to be in a falling trend, a continued decline within the falling trend can be expected. In addition, the current price action is now close to the bottom of a trend channel which may provide a upward reaction. The VIX currently has support at around 9.40 and resistance just below 18. A strong break through one of these levels would likely indicate a new direction for the index. The index is overall assessed as technically negative for the long term.
Period Moving Average Price Change Percent Change
5-Day 10.60 -0.24 -2.20%
20-Day 10.42 +0.64 +6.39%
50-Day 11.30 -4.41 -29.26%
100-Day 11.61 -1.22 -10.27%
200-Day 12.65 -1.36 -11.31%
Year-to-Date 11.61 -3.38 – 24.07%
Daily Technical Indicators