VIX... still hanging around

The VIX has not been broken down, but it sure has consolidated since historic events that changed everything, pummeled the markets. Meanwhile the S&P 500 continues to look good even as it has banged its head up against the first level of overhead resistance. It will be wise to watch the VIX going forward to see how it does at support. People who do not buy the 'worst is over' story in the big picture should not be greedy. SPX has produced a strong rally off of the ongoing grind of bullish divergence over months of pain. I would not look a gift horse, or pig, in the face. Edit (11:33) ...or the mouth :-)