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Death of VX

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CBOE VOLATILITY INDEX (VIX) FUTURES (CBOE:VX1!)  
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CBOE:VX1!   CBOE VOLATILITY INDEX (VIX) FUTURES
Trend Analysis Chart Patterns
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VX is near all time lows, had a nice rejection today off the 14.05 level which has sparked a rally. I wouldn't want to be shorting SPY or anything else until this gains some more strength. It had been slowly grinding down in a stair stepping manner which usually means it's going to continue.

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