VIX - Volatility

Wanted to briefly take a look at the VIX (volatility) of the market. This is a comparison of the SPX (S&P 500) and the VIX.
Just as of the most recent, we seem to be in a consolidation period (rectangle). But, if you look at the period for the month of May, that was also a compression period. It kept testing to see if it could higher. The past couple weeks, it's pushed higher, but not real strongly.
We might even look at 1015 area as another resistance if it can get past where it is now, as it's attempting to do that. If volatility doesn't drop as the price moves up, that's telling you to be cautious with bullish positions and that we are near resistance.
Set your protective stops accordingly.
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