Lower and LowerGenerally, the VIX Index tends to have an inverse relationship with the S&P 500 Index. This negative correlation has earned the VIX Index the title "fear gauge" because VIX Index has a tendency to move up quickly when the broad market declines with velocity.
Right now the VIX is getting lower and the market is moving up.
The comparison between the VIX Index and movement in the S&P 500 Index is close, about an 80% correlation, which confirms the reality of the two generally tending to move in opposite directions most of the time. In addition, the correlation generally tends to remain relatively stable throughout different market conditions.
No recommendation
VIX trade ideas
🔥 The VIX Daily RSI Hit Oversold For The First Time Since 2004As the title suggests, the VIX (the volatility index on the SP500) has hit oversold (<30) on the daily RSI for the first time since December 2004. Scroll back and see for yourself.
A falling VIX is generally accompanied by bullish markets, while a rising VIX is often accompanied by bearish markets. If you wish to know more about the VIX, Investopedia has a great article on it.
In my view, it's highly likely that the VIX will be reversing very soon, which will most likely lead to a bearish reaction of the stock markets and therefore crypto. If you're planning to take risky long bets, consider postponing this. An oversold VIX only adds more risk to the trade.
$VIX filled gap, NOW WHAT?!Buy on rumor
Sell on news
REMEMBER THAT!
Feds gave lil gift - No one wants to rattle this time of year
OK, $VIX did what we expected
GAP FILLED
Now WHAT?
We wait to be sure that "top" is in, again
BUT until we get DIRECTION, can nibble here & there
@ Symmetrical Triangle support
🚨 We break Long Term = NEW BULL
#VIX $SPX $SPY #stocks
(GBPUSD) Wed, 23 November 2022 SetupOANDA:GBPUSD
GBPUSD Neutral bias
Status: Open short position and waiting for breakeven confirmation
What do I see?
- VIX could go bullish as it's on its major Daily low, resulting in USDCHF going bullish.
- Low volatility as the market waits for Durable Goods Orders MoM, New Home Sales, and FOMC Minutes report.
- Could result in a sideways market in the long run, as people couldn't conclude the direction of the market. Technically speaking both the bulls and the bears are equally strong right now, so let's see how the reports would go.
What I would do?
- If the reports got a bullish response, I'll go for breakeven and reconsider going bullish. vice versa.
Happy Trading! Good luck!
VIX overextending the trendSPX has been destabilizing both VIX and DXY - both of them fell out of their trajectories because of the euphoric and arogant push of the market - I don't expect the blow-off top to happen - unless SPX breaks ~4015 area - until then I remain bearish.
Expecting all markets to retrace today.
VIX is getting for its own prime timeWatching 20-21 zone for a support.
Historically VIX 20 zone is the bear/bull line.
I expect that to me either tested or even broken for a fake move down and then start to explode.
When VIX is at 45+ watch for the market capitulation. Ideal target for the VIX is 65+ early next year.
When its moving above 35 and especially 45, no no longs for me period, only sell the rips (if there will be any)
Im in with Apr VIX 35 calls, will add tomorrow and on the 28th
VIX dangerous RSI bottom level at 30Daily chart rsi is at 30. Each and every time this leads to a strong reverse up in the vix which everyone knows means that when the vix goes up stocks go down... so it looks primed to drop the market up until next fed meeting I think half way through December to hear the word about the final rage hike...as usual...hopefully we get a 50 this time and can get unstuck and finally rally into a bull market already its been long enough....
Buy Some New Shorts Pt. 2
Simple analysis here. The VIX is closing in on strong dynamic and static support.
Buy volatility, sell/short high-risk assets (1-6 month timeframe).
No change in my intermediate and long-term thesis. Still early innings of a bear market. Market conditions are steadily worsening.
Looking for a move in VIX to the static resistance level of 35.8 in the coming months.
Good luck! This is not financial advice.
VIX Bullish RSI DivergenceVix is giving a Bullish RSI signal on the daily chart. (A Bullish RSI Divergence is a lower price and a higher RSI value.) The previous low was $22.37 and the RSI value was 30.58, today the low was $22.30 with an RSI value of 33.99. The median RSI value for this years VIX bottoms is 37.33.
There is no panic in the market. Not yet.SPX has been falling since the beginning of 2022. Judging by the VIX though, there is no panic in the market. People may be a little nervous, that’s all. Meanwhile all major crises ended with a “complete surrender of the bulls”. Meaning the worst is yet to come.