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DJIA stays flat, CBOE VIX jumps higher

FXStreet (Mumbai) - The DJIA is trading flat, swinging between minor gains and losses, although the Chicago Board Options Exchange(CBOE) Volatility Index (VIX) has broken through key resistance levels.

Sharp rise in the VIX indicates that the market sentiment is jittery despite the DJIA holding ground so far. The VIX is trading 7.57% higher today at 20.18. It has comfortably breached through the key resistance levels of 18.00 and 18.99. The index appears on its way to test the recent cyclical high of 21.48. The VIX chart indicates a possibility of fresh selling in the US Equity markets.

VIX Technical levels

VIX has an immediate resistance of 20.72 (Feb 5th. high) and 21.48 (Feb 3rd. high), while the support is located at 18.99 and 18.00 levels.

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