- The Richest Members of the US Congress
- New Consensus Sees Stimulus Package as Worthy Step
- Wall Street Jobs Slow to Return Despite Record Profits
- Thanksgiving Week Stuffed With Economic News
- Black Friday Deals May Not Signal Retail Comeback
- Investors to Goldman: Be Less Greedy
- UPS Sets New Rates For 2010
- Victoria's Secret Hopes to Rekindle Desire for Lingerie
- 'New Moon' Takes Record $72.7M Box Office Bite
- How Stock Investors Can Play Holiday Travel
- Time Lapse World Series Is A Great Play
- Hirschhorn: Greed...or Fear
- My Top 10 Tech Toys for the Holidays
- iPhone a Better Gaming Platform Than Android?
- May Day For Dendreon
- 100% Mortgage Financing From USDA
- Holiday Tipping: Who And How Much
- Deep Discounts Should Make It a Very Tech-y Holiday
Text Size 
The S&P 500 index must hit the October high to avoid a 10 percent correction, and if the market does correct, the VIX volatility index could fall below 20 percent, Chris Zwermann from Zwermann Financial told CNBC Wednesday.
“We had a high of 1,101 last time (in the S&P) and now yesterday we reached more or less 1,095,” he said, adding that “the question is 'are we building here some kind of shoulder-head-shoulder (pattern).'”
“Five points decides for the future,” Zwermann said, because if the markets can reach the October high, it will avoid a 10 percent correction.
On the other hand, if the S&P can’t manage to hit the October high, it will fall to 1,030 along the neckline of the shoulder-head-shoulder model, he said.
The possible correction in the S&P could push the VIX back to 15 percent “which would be very, very, very low volatility,” he said.
-For the full interview, watch video above
For Investors:
- US Could Face Double-Dip Without Stimulus: Strategist
- Last Year's Dogs Are This Year's Angels: Private Banker
- Technology can make or break a fortune in the world of alternative energy.
- Many people are facing the holidays with substantially smaller incomes. Here’s how some are adapting.
- Jim Cramer is a proponent of stocks that pay healthy dividends, and here are his top five dividend plays.
- From salt, to lip balm to envelopes, it turns out that bacon flavoring can sell almost anything.
- The homebuyer's tax credit jacked sales for a while, but 2010 is looking weak. Now what?
- CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
Data is a real-time snapshot *Data is delayed at least 15 minutes