While the market continues to rise and investors grow confident the rally won't stop, the VIX keeps subtly making higher highs and higher lows.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
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So far, the VIX has not fallen below the lower trendline.
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Illustration 1.01 The VIX continues to hover above the lower trendline.
@averkie_skila, Another pop-up soon? Thank you for sharing.
averkie_skila
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@Tradersweekly, See, here's the thing. I have to admit that the crypto market is unstoppable. No matter how hard I looked for a trap, there wasn't one. It's believed that the ETF may have finally caused the crypto market and the stock market to merge. Even if there is a correction on SPX, it may not mean that it will spill over to crypto like in the good old days. Because there is a very intense buying spree. And about the VIX, yes, I always look for these necks on the clouds. This is the place of the weakest resistance, and usually the candle cuts through it up to the upper boundary of the cloud.
Tradersweekly
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@averkie_skila, It makes two of us. But I still think that if the stock market starts correcting (or crashing), it will drag crypto with it (and probably gold, too). Crypto still behaves very much like a risk asset.
This one has a very interesting demeanor today.