VIX - Something to Commit to Memory
Using the rule of 16 and the 1/3 trading days time frame, the following translations should be committed to memory:
VIX of 16 – 1/3 of the time the SPX will have a daily change of at least 1%
VIX of 32 – 1/3 of the time the SPX will have a daily change of at least 2%
VIX of 48 – 1/3 of the time the SPX will have a daily change of at least 3%
VIX of 16 – 1/3 of the time the SPX will have a daily change of at least 1%
VIX of 32 – 1/3 of the time the SPX will have a daily change of at least 2%
VIX of 48 – 1/3 of the time the SPX will have a daily change of at least 3%
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