A quick update to the Vix chart as we enter into the final important NY session of the year with quadruple witching. For those tracking the previous flows we remain in the same levels with the same targets and the same flows to track:
After we cleared TP1 we ran out of steam and decided to trade the retrace back towards Capitulation territory. This was enough to sweep the stops and absorb the floor:
We then got the spike in VVIX as it dislocated the from the flows while Vix remained comatose. This is an important highlight to make as we enter into year end with markets happy to trade the reflationary theme something that smells very very off;
With 2s5s screaming recession and protectionism hijacking the world what could possibly go wrong?
Tracking closely Vix today for the year end flows and 2020 positioning...We will update in depth the fundamentals and technicals 2020 maps for Vix over the holiday period.
Thanks for keeping all the support coming with likes, comments, charts, questions and etc! Best of luck those tracking VIX for signs of end of the cycle/reflationary 1H20 !!
Note
Eyes on VIX for the yearly close... we are set for fireworks in Q1
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