CLICK ON CHART TO ENLARGE
Fear index (VIX) has moved higher over the past month, hitting a falling resistance line that has stopped its rise in price over the past couple of years. At the same time the S&P 500 is near is rising support line that has been in place since the lows last fall.
Will these high fear levels help push the S&P 500 higher from here?
The Power of the Pattern is suggesting that shorting Fear here with a stop above falling resistance could be a decent trade for a while.
Premium Members have tools in place to short fear for a while, with a stop above resistance.