The VIX also referred to as the "fear gauge" has just entered into a complacent or "risk on" extreme. Over the last 2 years the VIX has repeatedly found support between 12-14. When price is trading in this 2 point range and when the 9 period RSI falls below 40 it has proved to be a great entry point. Conversely, the 18-20 range has been a reasonable exit point...
Short thesis still intact IMO $VXX $UVXY $VIXY $XIV $SVXY $TVIX
Bears need a closing hold of 20 sma at 17.14 currently $VXX $XIV $VIXY $SVXY $UVXY
7/26/11 cross produced 140% move in 9 days $VXX $UVXY $XIV $VIXY
$VIX Multiple bottom pattern. Break above 20? PT 25+ ?
rounded bottom pattern need to holld angle c for this scenario
BB study / MA #study / $VXX $XIV $UVXY How is this vol squeeze potentially different than prior?
Added SPY to see if VIX/CCI correlate to market bottom. My understanding of the VIX is that it's fear. But Market bottoms occur when regular investors still have fear, but there are more buyers and the sellers are exhausted. Peaks in VIX signal more corrections than bottoms IMHO.