The VIX is the volatility index of the SP500. Generally, it trends up during bearish times and trends down during bullish ones.
In the past, the VIX has always spiked up during a market bottom. Looking at the chart, we can see that the VIX has not spiked up yet and formed a bottom like it has done in the past.
We only have ~30 years of VIX data, but it has still signaled the bottom of every bear market (-20% decline or more) during that time.
Assuming that the VIX is correct, there's still a chance that the market hasn't bottomed yet and that the "real" crash is yet to come.
What do you think? Is the bottom in? Crash incoming? Share your thoughts🙏
The big crash has begun. I recognized the fake out two days ago. Bought so many puts on META.
JoeChampion
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Good idea mate!
TheUniverse618
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Agree. Fix is about to blast off. We just topped the ‘bulls’ new market and we are going to continue the near market down and find a much lower bottom. We just getting started.
OTWhale
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Not sure if there's a super crash coming soon, but there are some things that I can be sure of:
1. BTC is in accumulation 2. BTC can't break 32K-34K without going down lower first, ideally to 20K-25K level and grab the liquidity there, but since most traders are waiting for this, might not happen after all 3. BTC might make a new lower low/spring, sure, but this "crash" might just take BTC back to 15K-16K level before moving up again
FieryTrading
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@OTWhale, Thanks for sharing your thoughts. How are you so certain that BTC has to go to 25k-20k before it can break through 32k?
OTWhale
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@FieryTrading, Ideally to 20-25K or lower and fill those gaps. The volume, the impulse that it shows currently, every time BTC comes anywhere near 30K level, can't convince me enough that BTC will just break through 32K level if it just moves there right now, and especially since there are people that are still trapped from the previous mark down that would happily close their positions at this level, and also those who want to take profits from below. The supplies there need to be whittled down first to make the path of least resistance up.
MachiavelliTrader
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they called me crazy since March April and only few are just seeing it now . I am seeing a monthly chart catastrophy brewing
Vestige
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thanks for sharing the vix, it does kinda make sense if you look at the chart but at the moment it seems at the vix chart we are not quite at the bottom (or in this regard, top of sp500), but closing in i suppose.