Zooming into the 2H chart, the February 2018 VIX spike has been labeled as the 1st leg of an Intermediate Degree bullish ABC formation.
Intermediate (A) (orange) presents a three swings sequence with its Minor ABC (red) sub-waves, in which Minor C (red) is unfolding with an impulsive swing.
Moving into Intermediate (B) (orange) and the corrective patterns, the...
Hello Traders!
There is the devilish and confusing correction on VIX index!
Although it’s readable and has the close negative correlation with E-mini S&P 500 and SPY index (etf).
Sure, that the price is forming the “Leading Diagonal Triangle” (LDT) in “a” subwave.
So it gives the opportunity, to predict continue of uptrend tendency on ES & SPY near time. ...
The U.S. stock market’s main volatility gauge -- the CBOE Volatility Index, better known as the VIX -- is at its lowest level since 2007. That seems strange in light of the geopolitical anxiety surrounding the French elections, the saber rattling with North Korea and the mixed fiscal and economic signals coming from the U.S.
While gallons of ink have been spilled...
HIDDEN Bull dvg in all 3 indicators >> Let's see if that could bring VIX a little bit more to the upside again, after hit a low right under 10.
Level 13 and 15 is interesting.. FIB 1,618 = 14,8
