VIX Forming Rounded Bottom .. S+P 500 Sharp Downside Break Near

CBOE:VIX   Volatility S&P 500 Index
436 5
The VIX , which measures complacency and fear
in the pricing of time premiums of index put and call options on the S+P 500
has been in a multi week rounded retracement bottom, from the Dec.2018 high at 36
tracing and tagging the lower Bollinger Band in the process.

The set up is there. Give it the needed time to evolve, and execute.

But,.. if there ever was a formation in volatility that could catch the majority by complete surprise,
accompanied by a sharp downside break in the S+P 500
, are looking at it.

VIX Last 14.91


The volatility is contracting so eventually some explosion to upside is expected. It usually does. Something to watch in order to get a holistic view on the market.
so... we eventually agree ? glad to hear :)
It's not a rounded bottom until it starts turning up. VIX can decay or stay flat for long periods.
The_Unwind MystryBox

Well put. Mystry.
Let it evolve.
Just don't wait too long to recognize it when it does turn...
Then add BB and MACD and yes, we're watching lightning in a bottle for some.
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