In the last few weeks, weird things are happening. We currently have a positive correlation between the S&P 500 and VIX, basically VIX grows with the S&P500 together.
I used 20 days correlation, currently it's around 0.8, and it's quite high.
Usually, you expect to see it around -1, and it makes sense.
For the last few years, the correlation was above 0 only a...
Hello friends, today you can review the technical analysis idea on a 1M linear scale chart for the Volatility S&P 500 Index (VIX).
In this chart, you can see the VIX moving along a support trendline. When the VIX spikes upwards that means the markets (specifically S&P 500; generally all markets) start to move downwards. Every few years the VIX starts to slowly...
Look at the VIX chart here; we are again in the VIX 18th zone. In 2022 it was an excellent indicator to spot the bottom; it works during the bear markets only!
So if we are still in a bear market, it should bounce from the 18 level hard and Indexes to fall. If we are entering a bull market, this setup can fail right here.
I doubt it will fail until we see Q1 lows...
A rule of 2 gives a perfect VIX long setup into Q1 on 2023 rally.
The markets are not over with the downside and VIX didn't get even one bottoming signal in 2022. It was intermediate bottoms, but no panic
Im going to add more VIX calls, Apr expiration this coming week.
Its in consolidation mode and should end soon with the breakout
As mentioned before, I dont expect VIX to move till mid Jan, than i expect it to explode!
Im still long with 35 Apr calls and will be adding those to max size mid Jan as I expect the price to 3x from around here
$VIX is creating a Bullish 1-2-3 Pattern at its previous market structure bottom (Support marked by the grey box). Price is currently consolidating at support and what historic price action tells us is that price usually has a period of consolidation known as a pullback or "Retracement" before it continues in its overall direction. I have price returning to an...
We want to hint at the opening gap in the Volatility S&P 500 Index (VIX), potentially foreshadowing big moves in the market.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any...
VIX Watch the close above that yellow trendline and ideally above yesterday's close to get a confirmation of the turn today
If SPX gets to my first support zone at 3984-88 then VIX has a potential to get above that yellow trendline
Now lets do it
Its a very important close for the VIX, all in one day!
VIX closed at HOD and the markets closed above HOD!
Tomorrow's expected move 3.7% on average
- If CPI comes at 7.8% it will be 5% down day
- If CPI comes at 6.9% then it should go up 6-7%
My bet is we go lower or the vice versa from Oct 13th, where it gap down and then bid all day. So if second scenario...
Getting close to its main support for the year.
All the time it got hit (this year) it reversed hard to the upside
VIX is in clear uptrend for a while now.
Check how and what the reaction was each time VIX gets above the trade range.
Expect VIX to hit 3x plus on the next upside!
Im accumulation 35 Apr calls, not going to sell those till the high, ideally in...
Watching 20-21 zone for a support.
Historically VIX 20 zone is the bear/bull line.
I expect that to me either tested or even broken for a fake move down and then start to explode.
When VIX is at 45+ watch for the market capitulation. Ideal target for the VIX is 65+ early next year.
When its moving above 35 and especially 45, no no longs for me period, only sell...
VIX is waiting for its prime time and its coming soon imo
Im bullish with VIX and will start buying Apr 2023 40 calls on Monday.
There was no capitulation on the markets so is the VIX 2-3x rally!
Means the markets have more down to go and the next move will be very violent!
Things will start to move after the elections, means very soon!