Like the title says. $VIX on a breakout is very very dangerous.
This could likely signal a market correction as $VIX even had a retest of previous resistance and pushed up. I don't like to call tops or bottoms in the market but this breakout has me bearish. Along with this, this month's $SPY candle is a bearish pin bar which is another part of my bearish thesis.
$VIX breakouts are dangerous for markets as this could mean huge retracements in the major indices and overall markets.
Again, not calling a top but this breakout could continue and we could see a HUGE retracement in the markets.
This could likely signal a market correction as $VIX even had a retest of previous resistance and pushed up. I don't like to call tops or bottoms in the market but this breakout has me bearish. Along with this, this month's $SPY candle is a bearish pin bar which is another part of my bearish thesis.
$VIX breakouts are dangerous for markets as this could mean huge retracements in the major indices and overall markets.
Again, not calling a top but this breakout could continue and we could see a HUGE retracement in the markets.