· The market has a small upside today, with more volatility than usual. The VIX Index is down to 25.60, nearing the bottom end of the range for the VIX 50- and 200-day moving averages.
· Last time the VIX Index saw an all-time high, the market and the VIX Index both climbed higher for almost a week, creating a double top situation. There could be another double top situation coming if the market continues to see an upside and the VIX Index jumps back up. If the market continues to rise and the VIX Index drops below 25.50, this would be a more stabilizing sign.
· The SKEW Index is relatively low today, around 120, but the VVIX Index has jumped up to 115.
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