VIX jumped above weekly R2 , but reversed back down to R1 by the close. Watch these levels tomorrow: 19.11 and 18.03. It's never a good idea to stay short when the VIX hits weekly R2, which is why we saw a closing rally.
SPX still needs to reconquer 1522 at the close before bulls can feel a little safe.
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on Wednesday, July 25, 2007 at 7/25/2007 06:59:00 PM.
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