VIX: Short term view

Updated
I'm watching VIX closely here. We might get a buy signal as soon as we hit 17.2. Additionally, there's a time and price target for VIX, that if not met in time, signals a buy opportunity in the S&P500. The signal consists of the following: If 18.5 isn't hit by Friday or sooner we will get a bullish signal as soon as VIX makes a new daily low after Friday's close.
So, keep an eye on VIX in the next few days, very critical spot right now.
To go long, we'll need more confirmation, if these two buy signals were to materialize, but I'll leave those cues to my students and clients.

Good luck,

Ivan Labrie.
Note
Now that the VIX spike has reached the first target, we need to see how it behaves during the market session later today.
Note
We might have a pullback in SPX if the recent high isn't broken in VIX.
Note
We had the pullback, VIX flashed a confirmation to long when SPX was around 2125.
In the short term, now, if we don't hit 18.5 today on close, if Monday sees VIX make a new daily low, that's further confirmation for longs. After that, if VIX hits 13.6, it'll confirm that the smart money bought the dip, and give us information about key levels of support/resistance from here onwards.
keyhiddenlevelsrgmovSNPS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) timeatmodeVIX CBOE Volatility Index

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