Update On Volatility

I recently highlighted the increase in stock market volatility in two previous articles, the first one appeared here. So far this recent multi-week stock market correction isn’t officially over yet, but the three day rally which recently occurred mended some of the damage of the last plunge. The Volatility Index $VXO has now pulled back over 7 points off its recent high which got near 30. Notice how the TRIX momentum indicator still hasn’t had a crossover yet to the downside, which coincides with the idea that we’ve had an oversold bounce but its still uncertain whether this correction is over.

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