Will Wong

VIX-one more spike before falling to seasonal low on July 4th

CBOE:VIX   Volatility S&P 500 Index
33 1 0
Seasonal low for VIX             is at end of June and early July.
The seasonal volatility obviously did not take into account the possibility of GREXIT. Hence the spike above the trend resistance line. Having said that I still expect it to settle lower once the dust settles.
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