The S&P 500 Volatility Index ($VIX) stayed elevated throughout Friday’s session with the high taping 12.83. Prior and lower resistance at 13-13.50 held with the close above 12.50 being a slightly bearish signal. Continued closes above this level keeps upside risk towards 14.50-50 and the 50/200-day moving averages in play.
Fresh support is at 12.50-12.
RSI is in an uptrend with resistance at 50. Continued closes above his level would signal additional strength towards 55-60 and early October highs. Support is at 45-40.
