We have been eyeing the VIX since late August early September, I posted on Instagram @long2bear that I was expecting the beast to awaken and to test the upper range of April highs. We have achieved and at the same time the SPX sold off.
What I see here is a clear rejection, I think we will see the indices bounce this week and the VIX sell-off towards the 17 region and possibly lower.
IF we continue higher and test the January highs, then we will see a much broader risk-off scenario in the indices.
Twitter: @B15HU
www.long2bear.com
Instagram: @long2bear
What I see here is a clear rejection, I think we will see the indices bounce this week and the VIX sell-off towards the 17 region and possibly lower.
IF we continue higher and test the January highs, then we will see a much broader risk-off scenario in the indices.
Twitter: @B15HU
www.long2bear.com
Instagram: @long2bear
Comment:
We tagged the 17 level and rose again to the 21 level. Volatility still ripe, I still think that We could target more upside to 34, however, we begin to stabilise, I see VIX going to the 14-15 level in a couple of weeks.
Comment:
Risk elevated at these levels very possible we get that 31-34 tag in the VIX which could mean 2600 S&P.