Apr. 27 at 2:15 PM
#SPMNOTES
$VIXY finished Friday's session lower, closing above its initial downside support range from 17.75-17.10. A continued move lower into this range and a break below 17.10 would likely lead to a test of the 16.60-15.75 support range below. A move lower in the VIX would likely align with continued buying pressure in equities. Conversely, a move higher from support would likely lead to another test of the 22.15-20.85 resistance range, followed by 28.00-25.90. A move higher in the VIX would likely coincide with renewed selling pressure in equities.
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