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yossarian121

Vix - bullish crossover - expect elevated vix in coming days

Long
Volatility S&P 500 Index (CBOE:VIX)  
yossarian121 Updated   
CBOE:VIX   Volatility S&P 500 Index
Technical Indicators
1
0
indicator
We have bullish MA crossovers on the CBOE vix
In the past these crossovers have been pretty reliable and have led to extended bouts of volatility
Comment:
An initial pullback towards 21-21.5 and then barrel higher is the preferred path. Bad one for mkts will be a straight up obviously
Comment:
Vix down today. Expected path (read yday comment) is initial down to around 21-21.5 and then sharp up. Bulls should be worried that they cant mount a rally even on a weak vix day.
Comment:
Another dpwn day today so far. We went close to 22. The risk of spike is high here on. we might go lower or not but a spike is the bigger risk here
Comment:
Low today was around 21.7 and then boom. Exactly followed the path
Trade closed: target reached:
Highs done around 35. Enough for now. This is where vix usually tires out. Barring a catastrophe, Vix cools down from here
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