VIX just reached 13.84, just a smidge away from our 13.93 target dating back to several weeks ago. From China: It’s Not Me, It’s You:
VIX jumped up and tagged its SMA200. For those still sitting with a long position at 9.33, this is the easy money — a second chance for those who wished they’d sold last week. For diehard bears, the most likely upside target is 13.93 (ideally Wednesday, Jan 17) with a reach target of 16.13.
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