The recent drop in the VIX to below 15 is about the 5th time at that level in the last 2 years,...

|By:, SA News Editor

The recent drop in the VIX to below 15 is about the 5th time at that level in the last 2 years, notes MarketTech, and the other instances have indeed coincided with market tops. The pullback in the S&P 500 on the other 4 occasions tended to last for about 2 months and range from 6-19%.