VIX Weekly is ready for a strong move UPI really like this chart, it's getting close for that pop Im looking.
Ideally we see it Oct/Nov and should bring the price down to 3200SPX or even 2800SPX (if really bearish)
My main SPX target is 3580 and 3500, ideal is at 3200-10
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Vixindex
VIX is bull flagging It does looks that VIX will spike up hard soon, min target is 31.30-45
So far futs already below 3880-86SPX level, that could mean a gap down tomorrow into 3800-20 zone and VIX gaping up nicely
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VIX remaining bullishVIX is one of the indicators I watch and it doesnt look promising for the bulls.
So far its a 3 wave move, but its in its new bull trend channel.
Next week or two will not be easy for the markets, volatility is going up, things might start to get crazy any time after Sep 13th!
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VIX is back into it's channelInteresting if that move below the support orange line was the OPEX stop run
The Bollinger bands are about to start widening as well as turning up! Pay attention to this, as its going to go parabolic within next week or 2.
Only one thing is kinda stopping me to be fully short is the reaction of 29th low into the Sep Quarterly OPEX, then the markets are free to move big again one way or another
VIX broke one important support, still in consolidation mode imoVIX will start moving in Sep. Im not touching it till EOM or 4330SPX+
We got another VIX long signal with the close, same as we had on July 29th
Ideally it wont make a lower low from Apr 4th, it was 18.45. A gap up tomorrow is possible.
Going to do my homework, was an amazing wake up opening for me with both NQ and ES longs since last night, didnt trade much but the end of the day for extra more points
VIX SHORTS ✅✅✅Expecting bearish price action on VIX as price made a huge bullish GAP, in my experience VIX is filling the bearish/bullish GAP's very very quickly in the same day in 80% of the situations. VIX down means STOCK go up, volatility and fear decreases in the markets
What do you think ? Comment below..