SCBOE SKEW INDEX

Using the SKEW Moving Average

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SKEW index representing the degree of tail risk.
It is calculated by the Chicago Board of Options Exchange (CBOE) in the U.S.
It is an index of market skew.
Tail risk is a risk that has a very low probability of occurring, but if it does occur, a significant decline is expected.

In this section, we will predict the upward and downward direction of the SKEW index based on the 50-day moving average, considering that the SKEW index rises and falls ahead of the stock price decline.
The past 50-day moving average topped on February 24 and September 4.

In the past, the 50-day moving average topped on February 24 and September 4.
Since then, the stock price has started to decline almost in the same way as the SKEW moving average.

We can say that the stock is probably in an upward phase now.
The top of the 50-day moving average suggests that the turning point may be in mid to late January.

For your reference

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