mpd

VIX long term view

mpd Updated   
CBOE_DLY:VIX   Volatility S&P 500 Index
In my view SPX bullish trend has restarted to target 4900 area then big crash , VIX will test 6 where massive bullish move will start to break the long term rectangle my
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SPX now quotes 4720 vix around 12, in my view SPX will target 4840-50 area so VIX bottom is not in, I'll buy long vix once spx targets 4840 (I suppose vix @ around 9,8)
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