dereckcoatney

VIX Trend Line Remains Intact

Long
CBOE:VIX   Volatility S&P 500 Index
On Twitter, I used the terminator crawling after Sarah Conor as a meme to express the unending endurance of this bear market rally, because it's just taking forever to roll over. Sigh. Sort of boring, frankly. People just cannot get enough of overpriced stocks in a crisis, so, we just have to continue to wait until they run out of money before we see any serious selling. It should not be long now, but unless we see a huge gap down tomorrow, I doubt it will be this week.

And here we are, yet another VIX crush today, and yet, the trend line from February to June lows remains intact. So, this still looks very bullish.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.