1)I believe something will big will happen to the market in the upcoming days as the VIX is almost reaching a new All time Low possibly indicating a bullish shift in the market.
2) In the second chart shown, it seems like the VIX will enter a free fall.
How to translate the VIX: Above 20 we are bearish and below 20 we are bullish. The VIX indicator is a representation of investor fear in the market. As the fear grows, the number increases making it bad for the market overall.
Why should we care? -This indicator has successfully predicted the 2008 crash and Corona crash. It is a very powerful indicator when it comes to knowing how investors feel psychologically about the market.
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