Dante's Peak is a 1997 American epic disaster adventure film directed by Roger Donaldson, starring Pierce Brosnan and Linda Hamilton. Dante's Peak, Washington, a fictional small town is situated near a dormant stratovolcano in the Cascades. The town would not listen to the warnings from Brosnan, as he felt signs were in place, suggesting the volcano was about to blow its top.
The above chart takes a look at the Fear Index VIX and how it's facing dual resistance at (1), with momentum fairly high, compared to the past few years.
Critical Juncture
In my opinion, what happens to the fear index in the very near future is important to ALL of us, regardless of how YOUR portfolio is positioned.
Is the VIX peaking right now or is it about to blow its top? Stay tuned, the outcome could be very important! Key moves in VIX and (NASDAQ:XIV) could be right in front of us.