Loading ...VIX
Still no fireworks just yet for VIX. From TA perspective … VIX did BO its Triangle once again while other might say it is basing. Observe the little GREY CYCLES and see that the APEX of the (extended) Triangle meets the end of the 1st Little Grey Cycle. Then observe what happend with former endings of the little 1st cycle which is that VIX more then jumped higher.
In general I do not like to take part of talking Labels as my focus is related to CYCLES & TIME but in this case . . . this article comes along: https://www.reuters.com/markets/us/treasury-confirms-us-default-early-june-1-without-debt-ceiling-hike-2023-05-22/
So VIX might go lower into 30th of May. Therefore a (related) position can be taken between this Friday and Tuesday next week.
IMO. DYODD.
I can’t chart the VIX because my data feed excludes indices.
So I track the ETFs. All the ones I know of, anyhow.
These could be the tail wagging the dog. That’s how it FEELS.
“while other(s) might say it is basing”
Believe it or not, the one I track most closely (VXZ) has been in an overbought zone and is setting up longer term sell. I kid you not. SO … I don’t find these encouraging to bears here, except for sniping now and then.