Looking for reveral candle pattern for confirmation
Oil price has been consolidating for almost the whole month of September. Building energy for a big move....
New support zones as this one looks bust and will become resistance
Basically what a 'low VIX/high skew' combination is saying is: 'the market overall is complacent, but big investors perceive far more tail risk than usually' (it is exactly the other way around when the VIX is high and SKEW is low). In other words, a surprising increase in realized volatility may not be too far away. Below is a chart showing the current SKEW/VIX...