Look at the VIX chart here; we are again in the VIX 18th zone. In 2022 it was an excellent indicator to spot the bottom; it works during the bear markets only!
So if we are still in a bear market, it should bounce from the 18 level hard and Indexes to fall. If we are entering a bull market, this setup can fail right here.
I doubt it will fail until we see Q1 lows in markets. I might be wrong, and this setup can fail in a grand style.
The VIX bottoms have an excellent correlation with SPX highs (at the bottom orange colour); look for the yellow marked pointers for the 2022 patterns from VIX 18 level. I think we will repeat the same pattern again.
So if we are still in a bear market, it should bounce from the 18 level hard and Indexes to fall. If we are entering a bull market, this setup can fail right here.
I doubt it will fail until we see Q1 lows in markets. I might be wrong, and this setup can fail in a grand style.
The VIX bottoms have an excellent correlation with SPX highs (at the bottom orange colour); look for the yellow marked pointers for the 2022 patterns from VIX 18 level. I think we will repeat the same pattern again.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.