$VIX hits 61.8% / US to Rescue Fred and Fannie

Two out of three are whispering a reversal to the upside. (VIX hitting resistance, US rescuing Fred and Fan). Now we'll just have to see how that affects the dollar and oil.

Monday will be a fun one!

Topping tail on VIX, we'll have to see if this holds or if a 35 VIX is somewhere in our near future. Evidence so far is a bounce in equities, but we'll need to watch where we close tomorrow to see if the bullishness can continue.

At time of this post ES futures are up 1.00% on the rescue news.

$VIX Daily Chart: