VIX Trading Back Near Two Month Lows
Thursday’s pause was as expected from overbought conditions and the market is now only slightly overbought. The VIX, after spiking to above 17 is now trading back at near two month lows which again reaffirms the bull market. The next day or so is a toss-up but longer term, as we have been saying for quite some time, the market’s path of least resistance is higher.