Nothing changes with VIX - it is creating a bottom on the bottom long-term curve - this is really bearish for stocks and crypto and we have an exact sentimental replica of 2008.
Many thanks for your update. I have created a formula "VIX9D-VIX3M", which shows that at a result of around -6 a turningpoint, i.e. that the VIX bottom could be close. Not every time, but helpful as an additional indicator. I am now "Long" with VIXZ2022 (leverage 2,7) and adding to my position, if it VIXZ2022 drops further -10% down (currently/today VIXZ2022 = 23,8 and VIX = 22,4). VIX9D = 19,51 and VIX3M = 24,72.
TheSecretsOfTrading
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@NextGenOne, really curious of that formula - will check it out - thx for sharing !
TheSecretsOfTrading
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@NextGenOne, I have created a simple tool to check the volatility of that fall as it has broken a curvy trendline there (just like it did on VIX) - and the volatility of that fall has reached long term low levels. Double confirmation of stocks getting exhausted.
blsam
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Does this signal the end of a bear market or start of a crash ?
TheSecretsOfTrading
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@blsam, Start of a crash for stocks - everytime VIX goes up, stocks go down - and viceversa.