Another big down trading day for equities. As Trade Selected Signal projected DJIA losses additional 2% on Friday session to head towards our T/P of 23375 (See Dow Jones Industrial Average Index_UPDATE chart).
This VIX chart demonstrates the VIX Volatility Index (Chicago Board Options Exchange) featuring investors complacent. From the VIX Index, a displayed number under 20 shows that investors are ‘complacent,’ indicating a ‘risk-on’ sentiment whereas displaying number over 30 suggests that investors are ‘fearful’ with a ‘risk-off’ sentiment.
Within the last couple of trading days, the VIX Index has jumped up to 60%, shifting out of the ‘complacent’ zone into a ‘neutral’ zone.