VIX is making higher highs and higher lows

While the market continues to rise and investors grow confident the rally won't stop, the VIX keeps subtly making higher highs and higher lows.

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DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.

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So far, the VIX has not fallen below the lower trendline.

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Illustration 1.01

The VIX continues to hover above the lower trendline.

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The VIX bounced off the lower trendline.