VIX is screaming CAUTION. The most important level is NOW

2020年6月19日

32 is the most important level in the VIX in the near term. This may not be important today, but next week it most definitely will be.

Zoom out...


Zoom out again...


Just to be clear, if this level is not respected, then full steam ahead in the S&P... But it's very rare for there to be multiple fib confluence and it not being relevant. Based on the structure of the VIX, I am seeing this developing into an actionable play sometime next week. It needs to stabilize in the kill zone to build energy. If it does, that will be a major signal.

Re-newed strength in the US Dollar is giving us a hint... weakness in the Euro, and potential strength in gold.

2020年6月23日

ノート

The VIX traded 9% high at the Friday close and is now under 32. Breaking this level in the VIX is just as important as reversing higher from it.

A continued breakdown in the VIX is now the most likely of probabilities, which is bullish for equities.

2020年6月24日

ノート

We are back above 32, now 33. 32 remains a buy in the VIX. Apologies for the flip flop, but markets do that to you regularly.

2020年6月26日

ノート

Third time we see a huge reversal from the 32 zone. I think there is no bigger clue than the VIX right now.

2020年7月1日

ノート

VIX is now under 30. Unless this is a bear trap, the longer it trades under 32 the more bullish that will be for equities.