SPX is currently holding around 3700. This selloff in the past week is a bit weird. As your chart shows, SPX has gone down 12% and looks sketchy as, but VIX has only hit ~33. The selloff seems very structured just from how it "feels" (not that I've been through any crashes in the past) - gradual cumulative declines instead of a sudden panic. What's your TA take on VIX - might give us an alternative view on what's happening?
SPX is currently holding around 3700. This selloff in the past week is a bit weird. As your chart shows, SPX has gone down 12% and looks sketchy as, but VIX has only hit ~33. The selloff seems very structured just from how it "feels" (not that I've been through any crashes in the past) - gradual cumulative declines instead of a sudden panic. What's your TA take on VIX - might give us an alternative view on what's happening?
SPX is hovering round the 127 fib. Which will be a big decision area most of the time. https://beatthebear.substack.com/p/critical-fib-support-failures
VIX seems to be acting consistent with these forecasts written very early January https://www.reddit.com/r/BeatTheBear/comments/ryeuw2/volatility_trend_reversing
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https://www.reddit.com/r/BeatTheBear/comments/rzgxtm/capital_concentration_and_the_volmageddon/
It holds the higher lows. This is the important for now IMO.