CBOE NASDAQ 100 VolatilityUpdated NQ's VIX (VXN) 8/17/2020
The VXN right now is priming up for a small jump. The projected jump should be within the next 2 days. Maybe Thursday. That said, if it cannot retake that support above, then the projected jump may be delayed until next week. It's why I have multiple support lines. The VXN acts as my "hourglass" of how long do I have before I exit my long positions.
High liquidity is what's holding the VXN down. Am I expecting a big jump? Not really. The VXN would need a giant catalyst to get a bigger volatility jump and fight through the liquidity. Bears usually look for a resistance on the NQ. Instead, if they want a pullback, they can find the NQ's "resistance" in the VXN or when it jumps from support.
High liquidity is what's holding the VXN down. Am I expecting a big jump? Not really. The VXN would need a giant catalyst to get a bigger volatility jump and fight through the liquidity. Bears usually look for a resistance on the NQ. Instead, if they want a pullback, they can find the NQ's "resistance" in the VXN or when it jumps from support.
Note
Interesting. It seems the VXN is finding a support below. I will have to update this chart again.
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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.