CBOE:VIX   Volatility S&P 500 Index
VIX - Volatility Index is inversely correlated to S&P 500 . Daily timeframe price action is showing a Bearish set up with the current daily candle closing inside the upper Bollinger Band deviation and changing colour. Stoch Indicator is potentially curling over at the overbought level and RSI is slightly changing direction towards the downside. Current resistances on the upside are located at 18.05 followed by 19.25 and 21.00. Alternatively if the price action confirms a possible pullback the first logical support level is located at 15.43 which is also 20 period SMA and Middle Bollinger Band .


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