VIX - The recent high to be taken out soonThe volatility index, VIX, has spiked again, with the market marking new lows for the year. With these grim developments, we continue to be bullish on the index and expect it to reach our short-term price target of 35 USD soon. As if it was not enough, we expect VIX to continue higher over time. Therefore, we want to set a medium-term price target for VIX at 37 USD. Our preceding articles are attached to this idea.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
