This Technical Measure Shows VIX Surge May Not Be Over: Chart

(Bloomberg) -- The Cboe Volatility Index closed at the highest level in three months on Monday. And that might be just the beginning. The GTI VERA Convergence Divergence Indicator, which detects trend peaks and reversals, shows the VIX is entering a new positive phase. The so-called fear gauge climbed as much as 58 percent in the past three days, and its futures curve has inverted during each of the past two sessions, which suggests traders anticipate more near-term turbulence for stocks.

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