Since August 2020 the VIX has pretty much been a "Get Protection" signal in the $20-$21 range. Friday reversal in the indexes also coincided with $30 which has been a very key level in the past for major volatility to rise or fall dramatically just like we seen on Friday afternoon. This week we must now watch for a break below $24 to give us a green flag to get into a more bullish stance once again.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.