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vixVIX declined to its lowest point in 2 months on Monday, while the VIX ETFs appear to have bottomed on Tuesday. If this is correct, then we may see the VIX and its ETFs rally for the next three weeks. The next important milestones are the Flag trendline near 22.50 and Cycle Top resistance at 24.27 where a long-term breakout may occur and the Cyclical… Continue reading

vixVIX pulled back from its November 4 high where it tested its Bullish Flag trendline. A close above its Intermediate-term resistance at 14.07 puts the VIX on a buy signal while a breakout of the Bullish Flag suggests that the Cyclical uptrend has resumed in earnest.

(ZeroHedge) Near-term volatility expectations have plunged to record lows.

Trader sentiment has officially come full circle following… Continue reading

vixVIX rallied to the upper trendline of its Bullish Flag formation at 23.50. The next important milestones are the trendline and Cycle Top resistance at 24.29 where a long-term breakout of the Bullish Flag may occur and the Cyclical uptrend may resume in earnest.

(ZeroHedge) Stocks are now down Year-over-Year…

VIX up 8 days in a row (3rd time in history – 4… Continue reading

vixVIX closed above its Long-term support/resistance at 16.15, confirming its buy signal. The next important milestones are the trendline at 22.50 and Cycle Top resistance at 24.15 where a long-term breakout of the Bullish Flag may occur and the Cyclical uptrend may resume in earnest.

(ZeroHedge) While VIX remains subdued at bull-market-narrative-confirming levels, there are extreme concerns being exhibited in VIX options.… Continue reading

vixVIX closed above its Intermediate-term support at 13.29, leaving it on a buy signal. This week has been a consolidation week after breaking out above its Triangle formation. The next important milestones are the trendline at 22.50 and Cycle Top resistance at 24.15 where a long-term breakout of the downtrend may occur.

(ZeroHedge) Many ill-informed pundits have taken the recent absence of volatility… Continue reading

vixVIX closed above its mid-Cycle support/resistance, putting it on a confirmed buy signal. This week has been the breakout week after three weeks of indecision. The next important milestone are the trendline at 22.50 and Cycle Top resistance at 24.17 where a long-term breakout of the downtrend may occur.

(SeekingAlpha) With all of the uncertainties facing the market, the CBOE Volatility Index or… Continue reading

vixVIX appears to have completed its Wave (2) low and emerged above tis Pennant formation. It also challenged mid-Cycle resistance at 15.90, giving an aggressive buy signal (NYSE sell signal). Two different opinions are expressed below.

(Bloomberg) Betting that the stock market will get more volatile has been one of the worst trades amid a 13 percent rebound in U.S. stocks.… Continue reading

vixVIX closed above its Short-term support/resistance at 13.18, leaving it on an aggressive buy signal. This week has been an “inside” week, signifying indecision. The next important milestone is Cycle Top resistance at 24.19 where a long-term breakout and a change of trend may occur.

(Bloomberg) Beneath calm stocks, the volatility market is jumping.

Take futures on the CBOE Volatility Index, whose volume… Continue reading

vixVIX made a new high off its seasonal low at 11.02 on August 9. However, it corrected back to its trendline. The next important milestone is Cycle Top resistance at 24.20 where a long-term breakout and a change of trend may occur.

(ZeroHedge) By Mr. Risk – State Street Global Markets: Thanks for nothing, central banks!

  1. If central banks provided the prototypical inflection… Continue reading

vixVIX broke out higher on Monday, but went into consolidation mode for the duration of options week. It closed beneath mid-Cycle support/resistance, but remains on a buy (SPX sell) signal. The next important milestone is Cycle Top resistance at 24.21 where a long-term breakout and a change of trend may occur.

(ZeroHedge) Following our myriad of “narrowest range ever!” posts from late… Continue reading