Understanding Market breadth using VIX correlation
VIX Ratio - Monthly/Zoom IN VIX3M / VIX ratio 9MA for both ratio and ES RSI-W for ratio Heikin Ashi ratio
VIX Ratio - Weekly/Zoom IN VIX3M / VIX ratio 9MA for both ratio and ES RSI-W for ratio Heikin Ashi ratio
The pattern, which for going on 7 Months has been the same. We see Price Action in the VIX Complex within a tight timeframe surround ST Constant 30 Day Maturities (M1/M2) - during Roll Week (prior 2nd Wednesday of Front Month M1) into Settlement, the 3rd week. Every Month this skews the VXX on the ST Curve as it front Loads 100% of exposure to Roll Yield. 77%...