The fix has broken down and has held below its multi month range. We are below 30 and have been drifting much lower, however we have a falling bullish wedge pattern in play. Unless we break the bottom channel line that allows us to form the wedge, then we have to be careful with volatility here. We could get a spike in volatility telling us to get ready for larger price moves in the market and possible an uptick in indecision, which in my opinion translates to fear. Keep an eye on this and lets watch this $VIX chart closely. Markets are slightly down from yesterday this morning, but are still holding say in the upper 50% range of yesterdays action.
VIX
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