Hello guys!
on Above chart you can see spx at the bottom and spx/vix at the top, as you can see, spx/vix tends to move in a rising channel and every time it breaks below its rising channel (red lines), S&P 500 will go in a big correction (correction+sideways) or even depression. :(
unfortunately on 19 jan 2022, we closed below the trend.
**now how far it can go down? the answer is: nobody knows. but my suggestion is to look at space between 8.10 and 67.53 on spx/vix. at that space you can sell VIX or buy SPX (S&P 500) , please be away from NASDAQ.
wish you good trades :)
on Above chart you can see spx at the bottom and spx/vix at the top, as you can see, spx/vix tends to move in a rising channel and every time it breaks below its rising channel (red lines), S&P 500 will go in a big correction (correction+sideways) or even depression. :(
unfortunately on 19 jan 2022, we closed below the trend.
**now how far it can go down? the answer is: nobody knows. but my suggestion is to look at space between 8.10 and 67.53 on spx/vix. at that space you can sell VIX or buy SPX (S&P 500) , please be away from NASDAQ.
wish you good trades :)