A technician observes that the CBOE Volatility Index (VIX) is extremely high. At the same time, the technician notes that his other technical analysis tools indicate the market is oversold. The technician will most likely consider this to be: Group of answer choices Bullish because the VIX, a contrarian indicator, is indicating that market participants fear an impending market decline and the other tools indicate an oversold market. Neither bullish nor bearish because the VIX is indicating that market participants fear an impending market decline, which contradicts what the other tools are indicating. Bearish because the VIX, a sentiment indicator, is indicating that market participants fear an impending market decline and this is confirmed by the other tools indicating an oversold market.