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The fear index (VIX) has moved higher over the past month, hitting a falling resistance line that has stopped its rise in price over the past couple of years. At the same time, the S&P 500 is near its rising support line that has been in place since the lows last fall.
Will these high fear levels help push the S&P 500 higher from here?
Short The Fear
The Power of the Pattern is suggesting that shorting Fear, here, with a stop above falling resistance could be a decent trade for a while.
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