Pashabxl
Long

VIX: Towards an upside correction so Indexes down

INDEX:VIX   CBOE Volatility Index
95 4 0
When trading Indexes, it is always good to have a look on the volatility index and with Ichimoku , it is clear that the upside movement is very near.
The indicators such as STOCH or RSI show that we are either at oversold level like STOCH or about to reach it with RSI .
The Kumo Cloud shows a clear future turn in the trend.
It means that when VIX             is up, indexes are down .Just as a reminder and an reference one has to look and keep in mind
Sir, correct me if I'm wrong but I don't think that RSI (and other analytic tools) can apply as this index is not based on offer and demand.
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Kumowizard PRO J.Livermore
2 years ago
I think it has to apply as even this index is based on supply and demand in options puts and calls. Supply and demand for volatility and protetctive hedging.
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Pashabxl PRO
2 years ago
Dear Mr J.Livermore, VIx is not only a volatility index, but the move of the index is based on Supply and DEmand based on many factor but at least one has to be taken into consideration i.e the PUT and CALL options available in the market. They are being used to Hedge a call or PUT of an ooption based on an Index. Therefore, I do still think that we can use proper analytic tools and I do agree with Kumowizard at 100%. Best
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J.Livermore PRO Pashabxl
2 years ago
Thx for the clarification, i'll look into details then.
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