Using VIX to Confirm Bottoms (spx/gold/silver/copper/oil)
A historic vix needs to severely unwind… and during that unwinding… equities can go even lower… whipsawing you all over the place…
Could be another slow 20% decline in the cards… AFTER we confirm the high is in for the vix…
Edit: adding for gold and silver… which their lows coincides within a couple of days of actual peak in vix…
Edit: adding how copper and oil reacted…
Note: this is for VERY HIGH vix unwinds… when vix around 40-50… stocks recuperate faster following unwind… (less fear accumulated)…