Yes, Vix catching a bid back inside lower bb could signal a
pullback, but typically speaking, you would want another price
surge to test highs (or make new highs), while $vix refuses to make
new lows. That usually signals a more lasting top in stocks. I kind
of expect the rest of the week to be sloppy price action between
1372 and 1388-1391. So maybe pullback in stocks, Vix surge, then
surge to 1390 area while Vix stays off lows?
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Yes, Vix catching a bid
Vix outside lower bb
Posted by kalinm on 19th of Nov 2012 at 02:25 pm
Yes, Vix catching a bid back inside lower bb could signal a pullback, but typically speaking, you would want another price surge to test highs (or make new highs), while $vix refuses to make new lows. That usually signals a more lasting top in stocks. I kind of expect the rest of the week to be sloppy price action between 1372 and 1388-1391. So maybe pullback in stocks, Vix surge, then surge to 1390 area while Vix stays off lows?