Wall Street's "fear gauge" flashed a sell signal at the end of May.
But since then, the stock market has continued to work even higher.
The S&P 500 hit a new all-time high last Friday. And some folks
might be wondering if the sell signal is a bust.
It's not.
As you can see from the following chart, the Volatility Index ("VIX") once again closed below its lower Bollinger Band last Friday...
Once the VIX rallies and closes back inside its Bollinger Bands,
it'll generate another broad stock market sell signal. That will be its
second sell signal in about two weeks.
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