recently caught a bounce off one of the lowest weekly RSI
prints since 2013. We've seen support each time the Vix
hit a weekly RSI
of 41, and so Vix
may finally be on the verge of a notable spike soon, which leads me to believe that the Fed may surprise markets today by being more hawkish than expected, or opex (quad-witch) on Friday may be a disaster for risk. Either way, I think the worse could be over for Vix
, at least for a brief period of time. Let's see what happens this afternoon when we get the Fed minutes...