VIX Perfect Symmetry through the decades points to turbulence.

I've posted this, interesting to say the least, pattern on VIX a few years ago and thought it might be a good time to refresh your memory following the recent (minor so far) pull-back on stocks.

As you see VIX has had two major patterns where an initial rise forms a Double Top (made of two market shocks/ catalysts) and then drops back to its 10.00 Support level. The most recent of the two has been the pattern that had Double Tops made by the 2008 Subprime Mortgage Crisis and the 2020 COVID flash crash. Since then (with the necessary cash injections by the U.S. Government), VIX has dropped to 15.00, below the 1M MA50 (blue trend-line). Like I said, the Support is 10.00, which means there is time left to the markets to stay in relative peace but the 1W MA50 is already on the rise, which is an early signal that the next rise towards a Double Top formation may be starting.

It is not panic time yet, but certainly something to keep in mind that volatility in the markets lies ahead.



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