This week VIX had a big reversal and that changed the landscape and provided an important new reference point (the red resistance line). Unless there is another breakout it can live within under the resistance for a long time.
As we can see on the VIX daily chart here there needs to be a break of either support or resistance. Until then we wont really have a good idea of direction. My bet would be a a break of resistance but then it all depends on oil.
1. vix does have long term structure. 2. in valley area between 10 - 20: coincidental with a steady rising market. 3. ridge area above 20: volatile, can happen in both a rising market and a declining market.
I am surprised a little by the strength of the market withstanding Greek meltdown with not much more than a hiccup. The volatility is dropping and relationship between VXV and VIX is indicating market up
This is how the VIX monthly looks like for now.
ATR30 appears to follow VIX down better than HV30. One might be able to use HV30 and ATR30 as proxies for upper and lower bound for VIX.
On a purely chartist approach, VIX is about the make a double bottom, which is that case would make 17.35 the neck line and after a pull back over 17.35 toward 20+ This has to be confirmed of course. On the other hand, with the tappering the end of FED's QE3, there may much more volatility in the market because traders will be on there own..... Let's wait and see
Average duration in the last 20 years before vix perks up (does not mean uptrend is over) and signaling overbought is about 5 years.
VIX at the daily view. Long story short, I am very angry at Trading View for erasing all my recent trend lines on all 62 charts that I track. An entire month's worth of work was erased as of this morning. Has anyone else faced this issue? I managed to recreate the VIX chart by memory. The VIX is beginning to get out of its bottoming pattern or its "dance."...
The VIX is now at a 52 week low. This may be a one day event or a several week event. The following data are meant to help guide the decision as to when to buy/go long on the short term and midterm VIX related etfs/etfs. The VIX daily minimum and closing prices were downloaded from the CBOE website. The % of days with daily minimums and daily closing prices...
VIX at the daily view. The title speaks for itself. Like I said before, VIX is not showing signs of a ramp up or uptrend. There was a bullish RSI divergence, but that takes several days before it actually resolves itself. Right now, liquidity is still high and market breadth increased. So, that means rallies in the ES are much more sustainable. Moreover, imagine...
The following data is meant to help guide the decision as to when to buy/go long on the short term and midterm VIX related etfs/etfs. The VIX daily minimum and closing prices were downloaded from the CBOE website. The % of days with daily minimums and daily closing prices were then calculated in three over 3 time periods ((the last 12 1/2 years, the last 9...
VIX at the daily view. Day 4 since Trading View deleted my trend lines and refuse to restore or own up to it. Trading View's customer service will not help you at all. So, make sure you save a backup copy of your layouts. Because Trading View's customer service is as useless as a permabear/permabull's opinion. I am now in the process of restoring over 60 charts...
VIX at the daily view. VIX is still finding support below. The VIX did a forced support test a couple days ago and it wasn't enough to launch. That said, the RSI divergence is still there. However, it is still subtle. This shouldn't come as a surprise. Holiday weeks are notoriously low volume and they tend to float sideways to up. So the ES would stay largely...
VIX-plosion after an iH&S pattern (with the blue PT at 49.5 going to be breached)? Or 9.22 coming (after some quintuple algo defence at 34.71, on the short side). The HLs suggest an incoming VIX-plosion and a market event that will serve as a pretext to explain the move (WW3 fears? New epidemic?). I think we will crash in risk assets if VIX makes a HH (above...
VIX at the daily view. No, this doesn't mean I am back. I am currently waiting for this overseas conference call to begin. Spot VIX visited and bounced from the 200 week SMA as predicted last month. That's where I theorized the beginning of a possible VIX spike. With closing prices, VIX created lower lows, but the RSI created higher lows. That's the early...
VIX at the daily view. I know it's been a while since I posted. I've been dealing with some personal issues lately that require my attention more. The VIX bounced off both trend line and RSI support which caused a small jump. The VIX is starting to get near the end of the bigger wedge resistance (plain blue line). I have that jump projected around October 14-16....