Volatility Index Has Cleared Key Technical Levels as October Kicks Off

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Volatility Index Has Cleared Key Technical Levels as October Kicks Off
CBOE Volatility Index
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Stocks Analysis by Michele Schneider covering: S&P 500, CBOE Volatility Index. Read Michele Schneider's latest article on Investing.com

Good time to look at the turnaround in volatility.The momentum is above the 50-DMA and increasing.If the volatility picks up from here, we are looking at another even scarier potential.

The monthly chart, which shows the price back into a 2-year expansion, is threatening to clear the 80-month moving average or a longer business cycle expansion.Keep your eyes on 20.25 as this month continues is the biggest overhead resistance bulls do not want to see clear.Scan QR code to install app

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