Yesterday we discussed the VIX chart ratios (see 11/12/19 published) discussing ratios we've been following.
Today the market "threatened a sell off as shown by the tall reversal candle. But it failed. The VIX reversed as the market began to get it's footing.
Still more bullish moves in the market ahead.
Now we may have another try for the lower VIX ratio at .961 zone (see published article) which is about 11.6 on the VIX chart. This could happen around Nov 21 as shown by the time estimates.
Most important is the grind upwards may accelerate and leave some bearish traders scratching their heads. The market should by most measures start breaking down by now. However the VIX says otherwise.
Lets keep an eye on it as today signals the bears have lost to the bulls yet again. We have probably another week of bullish up moves.
Maybe we'll see a bullish "throwover" at the market top,
boy, that would drive the VIX to newer lows again!
Short term bearish on VIX... but nearing a bottom.
Today the market "threatened a sell off as shown by the tall reversal candle. But it failed. The VIX reversed as the market began to get it's footing.
Still more bullish moves in the market ahead.
Now we may have another try for the lower VIX ratio at .961 zone (see published article) which is about 11.6 on the VIX chart. This could happen around Nov 21 as shown by the time estimates.
Most important is the grind upwards may accelerate and leave some bearish traders scratching their heads. The market should by most measures start breaking down by now. However the VIX says otherwise.
Lets keep an eye on it as today signals the bears have lost to the bulls yet again. We have probably another week of bullish up moves.
Maybe we'll see a bullish "throwover" at the market top,
boy, that would drive the VIX to newer lows again!
Short term bearish on VIX... but nearing a bottom.
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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.