SPDR Select Sector Fund - Energy Select SectorArca
Description
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XLE Energy Sector 9 - 13 May The weekly VXXLE> Volatility Index for XLE Energy Sector Implied = 38.6 In this we have to standard it for weekly session 38.6 / sqrt(52-> 52 weeks in a year) = 5.35%
My historical product is telling me with 1.2x coficient that the expected movement for this week E Volatility = 38.93 / sqrt(52) = 5.4%
With this data, from my calculations, when EV > VIX, there were a 82.7% chance that the market stay within the bottom and top created with the ranged from the E Vol
So for next week this range for us is going to be TOP - 87.4 BOT - 78.5