Capitulation Waters in VIX

CBOE:VIX   Volatility S&P 500 Index
A timely update to the previous Vix chart after clearing single targets:

Upon review a nice sweep of the lows is once again in play via Fed for Q419, a 25bps cut will be enough to bring the Vix back under the infamous 15 again...meaning a healthy sweep of stops at 12 is in play and would trigger a cascade of orders, the perfect environment if you want to build a floor as we enter into a VERY chaotic Q1 2020.

Good luck all those in Vol and positioning with macro portfolios going into year-end.
Comment: This is starting to look very good
Comment: Eyes on Vix today as we begin to dip our toes into "capitulation waters"
Comment: All eyes here!!
Comment: An update as we start to bounce from the lows...
Trade active
Trade closed: target reached

Related Ideas


which "was" of course
Great article. Wished i had seen it before :-) I am trying to, understand what you mean by 20xx ==>12 xx ==> 38xx ==> ( just grabbing the 85 which looks like ur objective !). Is that Fibo ? Thanks for explanation.
ridethepig model421
Thanks @model421 for the kind words! This was the flow we were tracking; we were looking for a test of 20 first, followed then by a sweep of the lows at 12 which then opened up the board and unlocked a move towards 38 (TP1) and 85 (TP2).
model421 ridethepig
@ridethepig, thanks
looks about right. Sound thesis.
ridethepig craigemm
@craigemm thanks!
craigemm ridethepig
@ridethepig, my pleasure. best of luck!
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