WTF Chart of the Day: VIX Is Settling At Its New Home
By Lawrence
A quick note on VIX why it has moved towards 12.
Anyone who has read my article on the real underlying behaviour driving VIX level should know that as S&P500 moves towards 1900, VIX is bounded to move towards 12. That’s the way it is. The fact that VIX drifts into 12-13 area is not a signal by itself that the market is topping.
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Lawrence's Comment
Recap
Nailed the whiplash behaviour again. ES has to drop to almost Y-2 before support was found. ES bounced back up to its current midpoint and failed to clear the ...
Someone asked for an update so here it is.
Take a look at the S&P500 Daily Breadth Monitor chart on front page after you read my comments here will help you ...
Lawrence's Comment
Recap
The week actions from the week prior to last week led to a gap down open for the week. That in turn helped Dow to form a better bottom ...
Lawrence's Comment
Recap
Dow in consolidation mode until trouble in Asia spreaded. Sell shock produced a 100% expansion off the tight range and Y-2 was tagged. Closed the week near Y-2 and ...
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WTF Chart of the Day: VIX Is Settling At Its New Home
A quick note on VIX why it has moved towards 12.
Anyone who has read my article on the real underlying behaviour driving VIX level should know that as S&P500 moves towards 1900, VIX is bounded to move towards 12. That’s the way it is. The fact that VIX drifts into 12-13 area is not a signal by itself that the market is topping.
It takes more than that for a market top setup.
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