The $VIX daily is still what I call 'live' meaning that the RSI is above 50 and the MACD is crossed up. As you can see, volatility has been increasing since mid year with higher lows. This coincides with my outlook that we have seen a major top formation in U.S. stock indices. This rising volatility is good for trading purposes if you are able to trade in both directions. If you dig your heals in and maintain a bullish outlook at all costs then you will be at a disadvantage if this turns out to be a major market top that formed mid year as I have been showing. I have no cause to change my opinion at this stage.
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