WTF Chart of the Day: VIX Is Settling At Its New Home
By Lawrence
A quick note on VIX why it has moved towards 12.
Anyone who has read my article on the real underlying behaviour driving VIX level should know that as S&P500 moves towards 1900, VIX is bounded to move towards 12. That’s the way it is. The fact that VIX drifts into 12-13 area is not a signal by itself that the market is topping.
Overview
Emini overnight range 1836.25 up to 1876.00
Overnight Midpoint 1856.00
Current Week Mid 1850.00
Emini S&P is now trading at the top part of its range with a small gap ...
A collection of the time based statistical biases often mentioned in real-time commentaries on trading S&P 500 related instruments (e.g. e-mini S&P, SPY, etc.). Volume 2 focuses on weekly bias ...
Lawrence's Comment
Recap
Pullback to Y-0 support and took off. Upside target Y+2 not tagged yet. Closed the week above Y+1 and near week high.
Outlook
Y+2 still in play. FBO against ...
WTF Chart of the Day: VIX Is Settling At Its New Home
A quick note on VIX why it has moved towards 12.
Anyone who has read my article on the real underlying behaviour driving VIX level should know that as S&P500 moves towards 1900, VIX is bounded to move towards 12. That’s the way it is. The fact that VIX drifts into 12-13 area is not a signal by itself that the market is topping.
It takes more than that for a market top setup.
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