VIX Index – Elliott Wave Analysis: Diagonal C Completion

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The VIX index is finalizing an A-B-C corrective structure, with the C-leg forming as a diagonal. Price action suggests this structure is close to completion. Once the diagonal ends, the probability of a sharp upside move in volatility becomes highly likely.

Why does this matter?

A rising VIX reflects fear and risk aversion in the market.

Historically, VIX moves inversely with equities – higher volatility often coincides with S&P 500 weakness.

When VIX breaks out, it signals hedging demand and uncertainty, pushing option premiums higher and increasing market stress.

📌 Trading view: A confirmed breakout from the diagonal would mark the start of a new impulsive leg higher in volatility. This could align with risk-off flows in equities and broader corrections across risk assets.

Patience and confirmation remain key — once VIX turns, it usually accelerates quickly, not quietly.

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