Near-term turbulence for stocks ahead, VIX suggests

  • by Ahmed Mamdouh
  • October 9, 2018, 13:27 AM
  • 1097 Views
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Stock market participants should predict more turbulence in the near term as the Cboe Volatility Index (VIX) and other technical gauges are rising.

The VIX closed at the highest level in three months on Monday, while it soared nearly 58 percent over the previous three days.

The VIX fear gauge is about to enter a new positive phase, which means that more volatility in the stock market is still ahead.

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