This morning on Chart Talk, Dan Deming talked about the down move we experienced yesterday as Ben Bernanke drove the market lower and really rattled the market. The S&P hit its 50 day average in the morning and the VIX bottomed out at 23.40 which is the 200 day moving average on the bottom of the VIX. Now the market is moving back to the middle of the range and Dan explains where he wants the market to stay.

Chart Talk 7/22/10