INDEX:VIX   CBOE Volatility Index
42 4 1
Can VIX             fill this gap convincingly? Never mind about 31 first
I have a hunch that there will be ATH             again
claydoctor
2 years ago
ATH? explain please?
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jangseohee claydoctor
2 years ago
ATH = All Time High
when VIX shot up market plunge, though the gap is halved filled with wicks but as a bear now i am not convince, there will be at least another one plunge to have the GAP fully filled with solid candle.

I wont rule out it clear the overhead of 31 though a bit far fetching to talk now, if it does, those Megaphone condition is fulfilled - price at the bottom support of Megaphone (SPX, DJIA, COMP...)

On the way up, VIX left two gaps where i highlighted. i am sure the bulls would want to take revenge with multi days triple digit ups in order for VIX to go down and fill those gap and finally VIX might end up historical low of 8-5-9!

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claydoctor jangseohee
2 years ago
Thanks. :)
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jangseohee claydoctor
2 years ago
No mention, exchange ideas
VIX works directly in opposite manner to US indices but only qualitatlively, meaning indices crash VIX spike higher and vice versa, but not quantitatively, meaning SPX up by 50 points, VIX doesnt go down by 50 points
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