Neon

VIX Roadmap May 2023

Neon Updated   
TVC:VIX   Volatility S&P 500 Index
Very likely to explode higher post the usual seasonal low in summer although it is in July but this time likely in June
Comment:
Coiling
Comment:
Getting there
Comment:
First reaction higher today
Comment:
Basing, once OPEX passes, this should become active
Comment:
This is unlikely, so upper cap most likely going forward around 20
Comment:
The breakdown below 14 was likely fake
Comment:
Most likely high 20s next 4 weeks is achiavable
Comment:
VIX has to show some character next week and spike higher into mid to high 20s
Comment:
VIX should reach 20 in late Feb
Comment:
VVIX quite a move this week, leading VIX
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