The $VIX is at a level that has produced selling over the past year, but the indicator we use to capture that dynamic suggests higher prices. The Rydex indicators are starting to roll over from an extreme bullish level. On the other hand, the “smart money” is bullish at least on a relative basis. Maybe these mixed signals are just a sign of a market that needs to consolidate the gains from the past year.[is_user_logged_out] Sorry, but you do not have permission to view this content.