VIX cash levels VIX cash has trended up for 7 weeks, and that is a serious warning. VIX has been rising ever since the Cyprus event in mid-March. This is despite the rally in SPX. The fact VIX has been rising for 7 weeks is reason not to trust this rally.
However, for VIX to hit an extreme level of complacency it may retest near the green line. Currently VIX is testing the trendline from mid-March.
VIX is foretelling what happens once the SPX rally ends.
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