[VIX/VVIX] The GOLDEN Volatility Ratio: Come Take a Peek!

I was dreamin about this sht... It's more beautiful than I imagined B).

There's a lot more to dig into on this one for sure but for now I just wanna release it into the wild for observation.

The fact that this ratio just broke and closed above all 5 colored lines I have on this chart (various S/R) with empty space above all in one day means we've got more upside, those former R's will now become S's that are hard to fall back through. I haven't tied that to anything too concrete other than this ratio is inversely correlated with the SPX so this is basically an SPX (strong?) short signal from the volatility perspective.

Anyway, lets not dwell on the minutia, behold and enjoy the VIX/VVIX and give it a go yourself!

Comment:

Wow, as predicted, there was apparently a lot of upside!

Price launched from the light blue upchannel S/R, straight through 3 pretty strong S/R and exactly kissed our green S/R.

Comment:

Both spike bars moved almost exactly between green S/R, these points are very important and likely the strongest on the map by a decent measure.

As it's an uptrend spike, the blue uptrend lines are the next most dominant, hence the quick Price retrace back under the blue line after bouncing off the green.

Comment:

This is lookin quite bullish again...