If you’re wondering where the next rally will begin (whether you beleive it will be a bear market rally or the next bull market), it is a good idea to watch the VIX index.? As you can see from the chart below, medium-term lows for the SPX (S&P 500 Index) coincide with upward spikes in the VIX.? At current levels, we don’t have a spike, though this isn’t a precise indicator of timing.


You can track the VIX at the usual places.