VIX 2D Bullish Technical Analysis View

30 Okt 2020

Here is your daily VIX update.

I'll be tracking this closely as we head into the election and post daily updates to see where we are in the trend process if we are able to maintain it. With extreme uncertainty in the markets already and with much more to come, I have a bullish view on the VIX over the next 3 months.

Right now, I don't believe we are in jeopardy of retesting any March levels, however, that could change quickly.

Here are my catalysts for the VIX to move.

• Delayed Stimulus and the compounding effects
  
• Covid Resurgence (Media will control this narrative and may keep or accelerate fear faster than expected, I don't expect the opposite. Joe Biden's multiple references to "DARK WINTER")
  
• If Trump loses, Trump may cause havoc as he winds down his presidency
  
• Overseas Instability
  
• More EU Lockdowns - EXPECTED, this will hit the market hard and may have a delayed reaction. LIkely immediate sell-off, price agreement, and then further selling.
  
• US Lockdowns - Clearly, this would have the largest impact on our economy. Especially if we implement NATIONAL lockdowns. If Democrats win, I believe the likelihood of a lockdown increases dramatically. However, I still believe with the republicans retaining office, lockdowns would then be decided on a state by state or county by county basis and would lessen the overall impact.
  

I'm sure there are many more catalysts to move the market so I would love your feedback and I'll add them in!