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CBOE Volatility (VIX) - 16 September 2020
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Published on 2020-09-16
The index is trading below its 200-day simple moving average. This might keep a complete risk-on scenario and will be bullish for equities. Keep in mind that the declining channel pattern also favours a bullish stance to equities. Index heading for the lower range of this declining channel around 19.80? Only a confirmed break above 28.84 (200-day) will trigger the nervous sentiment again.