VIX
I haven’t posting much as many markets seems to be stalling … waiting for an ‘event’ eg a LABEL. That is why main focus is on the VIX for now. Not specifically for a trade but to get a hand on what is about and when to happen which will affect ALL MARKETS including PM and related as it is all paper.
Below VIX-daily which seems to be coiling into the APEX – possibly between 19th of May and ‘End of May’! Despite last FBO, the (extended) TRIANGLE is still HOT; a BULLISH DESCENDING TRIANGLE. Such preludes a BO (break-out) coming, possibly SPIKING into ‘MID of JUNE’ from whereon we redetermine anew.
VIX engines are roaring hence improving indicators. Between now, end of next week and end of this month at the latest to PLACE YOUR BETS.
Former VIX-posts:
https://goldtadise.com/?p=579345
https://goldtadise.com/?p=579842
IMO.DYODD.
Looks like we are getting a diamond reversal pattern on the major indices and here on the vix as well starting from April 17. Next couple weeks looking ominous.
“diamond reversal pattern on the major indices”
That’s where Panda has been at.
So far, the resolution he’s expected hasn’t panned out (as quickly as expected)
The firm guidance I’m getting from my tools is that it won’t.
Nothing is for certain of course.
Watching UVIX and VXZ very closely.
With all the action now concentrated in 0Dtx options, the VXZ is telling me to chill as I read it (off monthlies, yet again). YMMV.
https://twitter.com/MasterPandaWu/status/1656416610201276416/photo/1