On 12/08/23 the VIX made a new low in its decline from the high in early 2022.
The vast majority of the time the SPX will make its ultimate top with a VIX at a higher bottom.
Please note what happened in early 2022. This is just one example of several VIX bottoming divergences over a period of many years. The VIX is very effective at catching important SPX tops.
There's a high probabilty the SPX could continue higher until at least late December/early January 2024.
The vast majority of the time the SPX will make its ultimate top with a VIX at a higher bottom.
Please note what happened in early 2022. This is just one example of several VIX bottoming divergences over a period of many years. The VIX is very effective at catching important SPX tops.
There's a high probabilty the SPX could continue higher until at least late December/early January 2024.