VIX Moves Higher
VIX moved higher throughout the day. Although market closed at daily low, part of the day the market was up, and so was VIX. VIX had been near yearly low going into today's trading. RSI was neutral, but near oversold. Not sure VIX can ever be overbought or oversold, however, since it is only a barometer. Meanwhile, the rising VIX foretold the market's late move. Market has been due for a quick pullback, and VIX up another day or two along with a shallow pullback in the market would not be a surprise.