did you ever dream about ridding a vix mega spike? if not now, then when? hyg down spx double bottom that can break anytime so far no fear in the market and no capitulation. spx weekly and daily candles are bearish vix cci made new higher high
vix is the volatility of spy while the vvix is the volatility of vix Historically they followed each other but not now. I am yet to find an explanation for this phenomenon. Is vvix being suppressed? Please leave your comments and share your insights.
for downtrend to continue spy has to go to a new lower low(is anybody in doubt we are in downtrend ?) 391 looks like possible technical point of support fundamentally nothing changed. (it is not good )see market conditions index stocks do not travel in a straight line so will try to catch a rebound at 390 38 could be vix target based on chart
pattern based: spy pt 410-420. vix 35-37. fundamental based: we started downtrend early Jan.(series of lower lows and lower highs) did anything change to improve the fundamentals ? war in Ukraine. covid in china. inflation 8.5%. fed ended QE. What can break our downtrend at this point?
spy looks overbought, vix looks oversold. (vix ratio could drop lower) market reacted to Russia Ukraine peace talks rally that is based on news usually do not last long stocks started falling even before Russia- Ukraine situation was an issue perfect resistance line shown on the chart.
shorter time frame/spy,shorter time frame/spy,shorter time frame/spy,shorter time frame/spy,shorter time frame/spy,
bond market and worsening economic conditions signaled trend change we started downtrend on daily early Jan/22- series of lowers lows and lower highs we also below ichi cloud that confirms downtrend for downtrend to continue we need to sell off before 457 we had a rally after every fed meeting this time was not exception. Besides we formed a falling wedge on...