VIX - Target Accomplished
Updated
We have been eyeing the VIX since late August early September, I posted on Instagram long2bear that I was expecting the beast to awaken and to test the upper range of April highs. We have achieved and at the same time the SPX sold off.
What I see here is a clear rejection, I think we will see the indices bounce this week and the VIX sell-off towards the 17 region and possibly lower.
IF we continue higher and test the January highs, then we will see a much broader risk-off scenario in the indices.
Twitter: @B15HU
long2bear.com
Instagram: long2bear
What I see here is a clear rejection, I think we will see the indices bounce this week and the VIX sell-off towards the 17 region and possibly lower.
IF we continue higher and test the January highs, then we will see a much broader risk-off scenario in the indices.
Twitter: @B15HU
long2bear.com
Instagram: long2bear
Note
We tagged the 17 level and rose again to the 21 level. Volatility still ripe, I still think that We could target more upside to 34, however, we begin to stabilise, I see VIX going to the 14-15 level in a couple of weeks.Note
Risk elevated at these levels very possible we get that 31-34 tag in the VIX which could mean 2600 S&P.
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