The good ol' VIX wedge
Updated
We're approaching a window of time to stay on your toes. (Does not mean sell everything - we're in a stock pickers market and a lot of stocks will continue doing well.)
If you look back to the inception of the VIX (early 1990s) you'll see the wedge is a pretty good classical charting pattern to apply and have some sense of potential VIX rallies.
Not an easy instrument to play or time, but a good tool for your trading toolbox. Keep an eye if there's a daily or weekly close over 22. That would likely mean risk-off for the S&P and broader markets
If you look back to the inception of the VIX (early 1990s) you'll see the wedge is a pretty good classical charting pattern to apply and have some sense of potential VIX rallies.
Not an easy instrument to play or time, but a good tool for your trading toolbox. Keep an eye if there's a daily or weekly close over 22. That would likely mean risk-off for the S&P and broader markets
Comment
Breakout in the VIX here - should be on high alert / high cash position
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