Volatility S&P 500 Index (VIX) | Goes GREEN/Bullish!
It is no secret, when the major indexes move down, the VIX goes up.
We can see the inverse correlation quite easily as the VIX had a major bearish wave, from Sept. to Nov., just as the DJI and SPX moved up.
Now the VIX bottomed late November and this week closed above MA200 and EMA300.
The first green week in multiple months.
Ok, let's predict the future.
The VIX will move first to 27.90, easily.
It can go higher and hit 30 and also higher... 33. Midterm (1-3 months).
Long-term (3-6 months or longer) ... Above 43 and even 58.
Ok! Let's just wait, nobody can predict the future... And these are just codes... You are looking at squares and lines on a screen... Really?
We will see!
Thank you for reading.
Namaste.
We can see the inverse correlation quite easily as the VIX had a major bearish wave, from Sept. to Nov., just as the DJI and SPX moved up.
Now the VIX bottomed late November and this week closed above MA200 and EMA300.
The first green week in multiple months.
Ok, let's predict the future.
The VIX will move first to 27.90, easily.
It can go higher and hit 30 and also higher... 33. Midterm (1-3 months).
Long-term (3-6 months or longer) ... Above 43 and even 58.
Ok! Let's just wait, nobody can predict the future... And these are just codes... You are looking at squares and lines on a screen... Really?
We will see!
Thank you for reading.
Namaste.
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