VIX is in the RISK ON territory trading at 18,77 after closing the week at 19,12. The VIXX saw a massive push above 22 on Friday last week following the drop in the indices market, potentially the volatility due to the US government shutdown, the longest in recorded history and fuelling the safe haven demand which saw a drop in indices accordingly. VIXX continues to use the SMAs as a springboard to push higher this week, however with the drop from the 22 level back towards 18,77, the indices market and Gold are seeing strong bullish momentum. VIXX has been using the 200 SMA as a springboard so would be cautious as price is testing this level again.
