The VIX Overreaction?

While the previous two charts showed bullish market characteristics, this chart shows a rising VIX trend....not bullish for stocks. While this is a negative, the confirmation signal, one that is featured on a different chart, not yet posted, has not "confirmed" if you will a bear trend in stocks. This leads me to believe that this volatility spike we had was an vast overreaction by the marketplace. Thus a return to more normal VIX levels in the months ahead I think is the recipe going forward.

via StockCharts.com
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