Update: VIX
Its been a while but those who follow me know I posted extensively about the VIX months back and as we can see, the VIX is very much in the news lately due to its current historical spike.
It was not one of the more popular topics at the time I was talking about it but as you can see on this chart outlined here, that this is an extremely powerful resource and should be one of my most popular posts in my opinion.
The VIX was and still is highly accurate in regard to being an indicator of when to be risk on vs risk off. The levels I drew have been respected for the last few years perfectly and historically after we've seen sudden spikes, they were short lived and the index came back down to levels that were very friendly to bulls. Historically, the last time volatility was at this level, Covid Pandemic had just happened. Shortly after markets rallied 100% before finally entering a bear market TWO YEARS later.
In the coming weeks keep an eye on the VIX to see if it returns back below 15 basis points in that sweet Buy and Hold area that I have labeled on the chart.
It was not one of the more popular topics at the time I was talking about it but as you can see on this chart outlined here, that this is an extremely powerful resource and should be one of my most popular posts in my opinion.
The VIX was and still is highly accurate in regard to being an indicator of when to be risk on vs risk off. The levels I drew have been respected for the last few years perfectly and historically after we've seen sudden spikes, they were short lived and the index came back down to levels that were very friendly to bulls. Historically, the last time volatility was at this level, Covid Pandemic had just happened. Shortly after markets rallied 100% before finally entering a bear market TWO YEARS later.
In the coming weeks keep an eye on the VIX to see if it returns back below 15 basis points in that sweet Buy and Hold area that I have labeled on the chart.
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