Despite the recent bear rally and the optimism that has built up, the VIX has been giving heads up that we broke seasonal cycle and is likely to be gearing up for another bout of volatility. Using the daily VIX chart and the TD Sequential Setups, it can be see that the major VIX trend is still Bullish. The recent drop in volatility appears to be a retracement, deeper and overdone. Now, all it needs is a TD Flip and the primary (bullish) trend takes off.
Crossing and closing above 27 would be indicative, and closing above 28 would be confirmative.
So watch the VIX… appears to be about to spike.
Crossing and closing above 27 would be indicative, and closing above 28 would be confirmative.
So watch the VIX… appears to be about to spike.
