VIX continues to move ever lower!

Following the wild gyrations of late August, the VIX has continued to move back towards the major platform of support in the 12 area and below, which to date has held firm and prevented major US stock markets breaking out and extending the long bullish trend further. Once again over the last few days we have seen a short term rally snuffed out, as bullish sentiment returned for equities and pushing the VIX ever lower.