Is the VIX Impervious to Technical Analysis? [View article]
No it is not. I have found that there is a direct correlation, or at least a very strong tendency, that whenever the VIX approaches its long-term trend line, that corresponds with highs on the S&P and Naz. So, when the VIX is approaching this trend line, it's a good bet that the market will retreat reflexively. One might call this trend line a form of support.
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No it is not. I have found that there is a direct correlation, or at least a very strong tendency, that whenever the VIX approaches its long-term trend line, that corresponds with highs on the S&P and Naz. So, when the VIX is approaching this trend line, it's a good bet that the market will retreat reflexively. One might call this trend line a form of support.
Apr 15 08:05 am
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All Comments by Zach Bass »Is the VIX Impervious to Technical Analysis? [View article]
-zach bass
zachbass.blogspot.com