Update on VIX: Sep 24, 2012

VIX looks to have completed another falling wedge, falling to 13.51 on Sep 14 — versus the Aug 17 low of 13.3 and the Mar 16 low of 13.66.  The 5-year red, dashed TL is currently around 13.24, but there is no evidence that the TL will be tested again this go ’round.

One note of caution:  these falling wedges have been busted more times than the Fed’s employment targets.  Virtually every one of them has been followed by a tag of the original apex.



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