☢️ 💣Market Volmadeggon: VIX – sky is the limitHi guys, is this VIX chart is like „deja vu“??
At last financial crisis at 2008 the simmilar pattern created like recent months. Treasury spread yields telling the same story again in lower pane. After first cross of its 12-month MA it takes 5 months to firs bigger surge in TVC:VIX . Then it takes 13 bars to yield spread approach to 2%, then volmadeggon begun….
The situation on chart looks familiar now...
If history repeats this time not be different but much bigger than 2008
After first cross 12 month MA of Yields spread it takes 3 bars to new higher high on TVC:VIX 37.5 in 2008. This month its 12 bars from TVC:VIX new higher high 85.5 when COVID-19 pandemy started.You can observe same massive vix squeeze as in 2008.
So its looks like this year 2021 will be EPIC & LEGENDARY in financial markets
As you notice in chart, my target is at 2.61 Fibbonacci retracement level because this level was reached at 2008 too.
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