VIX looks like it has retraced to the 0.618 level and might be a nice level for buying. Not something I trade, but I saw this on the chart and thought it might worth looking at.
Something to consider: Markets have been pretty bullish lately, despite the COVID situation and possible long-term economic downfall. Markets have been acting strangely lately, a serious Pullback in markets (making VIX move higher) may be brewing.
Comment
Well still hovering around the 0.618. Markets are BULLISH, i was anticipating some risk off tone, but I may be very wrong. A few things to consider AUD and NZD are both extremely bullish (both risk on currencies). I was anticipating to short both given the levels risk on assets are trading near, but that proved to be wrong
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