Watch the VIX today.

http://www.stocktiming.net/?p=1145

Watch the VIX today.

Today’s a good day to keep a close eye on the VIX (The Volatility Index which moves opposite to the market’s direction).

Why?

Because it hit its resistance line yesterday so many traders will consider it a “pivot point”.    This will be an important test level today.

There is a short term bias to the downside with Inflowing stock market Liquidity that could be strong today.   However, if the battle becomes tough today, a VIX close above than 16.2 would carry negative connotations with it so keep an eye on it … see the chart below. Get Today’s Full StockTiming.com Advanced Update: Free 10 Day Trial