VIX back to $20?
Updated
With economists celebrating the "goldilocks economy" and VIX breaking below the lower bound of the pattern, the big question lingers: "Is this another fakeout before resurgence to $20?"
Illustration 1.01
The yellow arrow indicates a breakout below the lower bound of the pattern we have been observing since its early formation.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
Illustration 1.01
The yellow arrow indicates a breakout below the lower bound of the pattern we have been observing since its early formation.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
Note
Illustration 1.02VIX formed an opening gap today.
Note
The opening gap was filled, which is positive for the market.
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