Last time we looked at the Volatility Index (VIX) on February 06 (see chart below), we caught its exact price action up until the current high:
It didn't affect the stock market though up until last week but the price is already approaching peak values. The long-term pattern has been a Channel Down since the September 28 2022 High and every Lower High since...
When we looked at the Volatility Index (VIX) on our November 07 2023 analysis (see chart below) we compared it with the S&P500 index (SPX) :
The S&P500 has reached the top of its Channel Up, while the VIX bottomed and is consolidating on a price action that is very similar to the July 27 2023 Low, which was the former Higher High of the S&P500 Channel...
The Volatility Index (VIX) is trading within a Channel Down pattern since the September 28 2022 High, which has also been the start of the 2023 recovery year for the stock markets (SPX illustrated by the thin black trend-line). Being negatively correlated in nature, when VIX declined within this Channel, the stocks rose and vice versa.
Since October 23 2023, VIX...
We don't often look at VIX but the times we do, it never fails to offer valuable insight regarding the long-term factors on stock indices trends. Since March, may have left wondered why the S&P500 (blue trend-line) has took off so considerably without any meaningful pull-back. Well despite the prevailing fundamentals surrounding the market overall, VIX (candles)...
VIX💥1D -TIMEFRAME ANALYSIS
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VIX index is pulling back to support levels.
We have a confluent zone to go long: trendline + support zone + 25.00 price point.
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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....
VIX has been trading within a Channel Down since late April 2020 after the markets started to correct themselves following the COVID led March 2020 crash.
I have plotted the S&P500 on the chart and as you see from the comparison, the pattern is quite useful in determining when to sell stocks and when to buy. When VIX enters its Lower Lows zone, S&P500 starts to...
