VIX spikes in 2018, 2020 and 2023The last 2 major vix spike events in Jan 2018 and March 2020 have followed the exact same technical pattern on all 3 metrics - VIX, RSI of VIX and MACD of VIX.
In 2022 and 2023, we are on the exact same trajectory on all 3 metrics. This indicates major vix spike in Nov 2023.
The fundamentals/reasoning behind this -
1. reducing corporate earnings,recession
2. very difficult to finance new spending by corporations
3. large gaping holes in balance sheets of financial institutions because of unrealized losses on bond positions.