VIX, neutral
VIX is the opposite of US500, so it should move in the other direction
Friday was a red day for VIX despite it was a red day for US500 too, so it is a divergence that will push one of them to correct its pathway
I can see higher lows on the daily VIX chart
Further confirmation is required for bias
Wait and See
*charts are SPX ES SPY (cfd/future/eft)
**the lower window is correlation coefficient indicator vs US500
Friday was a red day for VIX despite it was a red day for US500 too, so it is a divergence that will push one of them to correct its pathway
I can see higher lows on the daily VIX chart
Further confirmation is required for bias
Wait and See
*charts are SPX ES SPY (cfd/future/eft)
**the lower window is correlation coefficient indicator vs US500
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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.