VIX Rising: Short-Term Bottom in Place?

Includes: DIA, QQQ, SPY
by: TickerSense

You be the judge: the chart below shows the VIX index versus the S&P 500 from 1995 through the present. Although the chart is slightly noisy, unusually high spikes in the VIX do often indicate at least a short-term bottom.

click to enlarge