Usually when the VIX (candlesticks) retraces, and closes, 50% lower from a rapid swing high, it is often provides a pretty well-timed entry for a bullish trade on SPX (black line shown in chart).
But this time around I'm cautious. The gradual build up and gradual decline seems to indicate something stronger is at play, something the market can't shrug off. This week might give clues since no market-shaking news is scheduled until Friday's PCE number.
But this time around I'm cautious. The gradual build up and gradual decline seems to indicate something stronger is at play, something the market can't shrug off. This week might give clues since no market-shaking news is scheduled until Friday's PCE number.
Disclaimer
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.
Disclaimer
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.