I think VIX futures either consolidate for a period before breaking out again or gets crushed lower so SPY can go higher.
Note
Idea shows consolidation period, but I can see price breaking 12.41 to the downside and make new lows as well.Note
Contract swap messed up the TA, but the idea remains the same.Note
UVIX is at lows. Will be charting using UVIX from now on. Contract Swap messed up idea.
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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.