I have over laid SPY and VIX on the 1 day chart. When we see a spike in Vix the market becomes destructive. While VIX continues to settle back down the market becomes constructive. Once that downward trend is broken on VIX we start accumulation in a sense until VIX starts to rise again then distribution starts.(SPY goes down). Basically Rising VIX = Falling SPY and it goes for both ways.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.