VIX In Engulfing Bullish Pattern; SPX Throws Over Cycle Top Resistance
October 21, 2017 at 17:23 PM EDT
VIX created a bullish engulfing pattern in which the highs and lows exceeded the prior week with a weekly close above last week’s closing high. SPX made a throw over in the last day of the week by probing above its Cycle Top resistance at 2570.69.