I am comparing current VIX pattern with that during 2007-2008 period.
Note this is PURELY speculative and does not mean to predict what will happen.
Given the rounding bottom support, I suspect VIX does not have much more room to drop and may start to vibrate within the box.
Note higher VIX does not mean a declining market, it just means market is more...
I'm not a lover of the classic indicators, I prefer to look at the price and follow the swing. On the contrary, the VIX as well as the COT , can be an interesting indicator. If we look at the graph, we can see that after each double bottom, the price has rebounded. The "DB" have never gone to the target, but at least a rebound occurred.
This week will be very...
I assume current market is a repeat of 2007. If this assumption is right, VIX should rebound soon towards the upper side of the square box and SPY should drift down from here. I will know this assumption is wrong once SPY breaks out and VIX breaks down. We will see.
Judging by 40 week moving average, VIX is still going higher. Make no mistakes, VIX is about to hit the purple support line, and may bounce up from there. Meaning? even though market had a good week, it is not a given and may give up some or all if volatility rises.
Vix break out might lead to a high of 23 to 24 at least .
The break out is nice we are still intact with our targets of 23 to 24 VIX is nicely forming higher high formation and we might see vols shoot up soon. Keep an EYE . :)
VIX is viewed on stocks. so basically a support and resistance moves only.
Trade base on your decissions.
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VIX is a fear gauge for the market
Breaking out of this purple angle warrants some worries. If we manage to give back the current high then we can say we can move onto a risk-on environment.
There is a sector rotation happening right now tech seems to be fading its strength and filling some gaps while some of the first sellers are finding support
Vix is getting ready to climb. Be fearful when others are greedy, I mean extremely greedy.
It might take few months to realise profits but patience is the key.
Downside can only be around 9 to 12 range but the upside is exponential.
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VIX needs to close above 12.20 to see lower prices and downside movement in the S&P
if the 50 MA crosses the 200 MA then a major upside run will occur, may last days or weeks to a few months
Looking for a breakout in volatility. We have FOMC coming up and quadruple witching day on Friday. VIX daily has been holding support. MACD right on the center line.
VIX is an enemy of global indexes and a friend of weighted JPY.
It's not very correlated with DXY and Euro now, depends on where're those impacts coming from.
