VIX Update 5-18-19

The S&P 500 Volatility Index ($VIX) traded to a morning peak of 16.81 with resistance at 16.50-17 getting split and the 200-day moving average holding. A close back above the 17.50 level would be another warning signal for the market with risk towards 20-20.50.

Support remains at 15-14.50 with a close below the latter and the 50-day moving average signaling a return of bullish momentum for the market.