T2108 Update – The S&P 500 Bounces Weakly From Near Oversold
October 20, 2016 at 04:42 AM EDT
While the S&P 500 struggles, the volatility index, the VIX, has actually managed to punch its way below the 15.35 pivot line. This move takes the VIX out of the danger zone and likely sets the stage for a new trading range for the stock market.