dereckcoatney

VVIX Looking Ready for Liftoff

Long
CBOE:VVIX   CBOE VIX VOLATILITY INDEX
Though the VIX was down ~2% day, it remains elevated, and importantly, the VVIX (the volatility of volatility) is up today, and looking like it wants to launch itself off of a bull flag structure.

For those curious, the VVIX measures "institutional hedging." Anything over 110 is considered worrisome for the markets.

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