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.
Review of Forecast for Apr 13, 2015
All attempts to go higher last week are capped below the 1% boundary as forecasted last week. Forecast of strong downside risk was also ...
Lawrence's Comment
Recap
Pullback to Y-0. Perfect test of support then rally to Y+1 as expected. Cleared Y+1 easily. Breakout in place with Y+2 target taken out quickly. Drifted higher since. Closed ...
Lawrence's Comment
Recap
Y-0 acted as resistance and gave us a drop back down to previous week close which turned into very strong support on 3 separate attempts to break it from ...
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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