What use the VIX DAILY Chart (see above)?
Here's a useful comment illustrating why I display it...
QUOTE
The VIX late last week moved below its December 5 low. This is right where it was at both the May and August peaks, and not too far from where it was in July. The VIX also moved below its December 5 low while the S&P has held well below its December 5 peak. We saw the same pattern near the same levels in May-June as the S&P was peaking. There is still some room for these indicators to move lower but they are already well into the danger zone and are extremely negative.
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