Posted by jtsurfah on 18th of May 2022 at 03:36 pm
"not budging" means staying in short term strong uptrend? Trying
to square this with VVIX signal above 110 that Matt pointed
out. VIX looks like it's filling an open gap to me, but the VVIX
signal is concerning (but I don't know the mechanics of the VVIX
indicator all that well)
regarding the VIX part of we we are commenting on is that
there's a divergence of sorts with the SPX, the SPX is only 70
points from Monday's lows now (a normal daily candlestick range
these days or less), but the VIX is still quite far from its
highs
Posted by jtsurfah on 18th of May 2022 at 04:47 pm
Matt or Steve will probably discuss it tonight but I think Matt
was describing a possible divergence which would potentially result
in a positive move for SPX and a negative move for the VIX. Sounds
like he was referring to a daily time frame.
Posted by timebandit on 18th of May 2022 at 09:51 pm
Be careful out there. We are in bear conditions. Moves down are
favored. Moves up are opportunities to short. Until the market's
behavior tells you otherwise.
To clarify my comments - I was simply referencing today's action
on the VIX which was trending up all day - that didn't support the
market bouncing today.
VIX Updated Views
Posted by steve on 18th of May 2022 at 02:40 pm
$VIX - Chart Link - moved back into the gap (bigger coiling pattern)
$VIX - Chart Link - big surge out of the demand zone (monitor for any signs of market bounce)
VIX not budging as yet
Posted by steve on 18th of May 2022 at 03:23 pm
VIX not budging as yet - respect unless it changes
"not budging" means staying in
Posted by jtsurfah on 18th of May 2022 at 03:36 pm
"not budging" means staying in short term strong uptrend? Trying to square this with VVIX signal above 110 that Matt pointed out. VIX looks like it's filling an open gap to me, but the VVIX signal is concerning (but I don't know the mechanics of the VVIX indicator all that well)
regarding the VIX part of
Posted by matt on 18th of May 2022 at 04:02 pm
regarding the VIX part of we we are commenting on is that there's a divergence of sorts with the SPX, the SPX is only 70 points from Monday's lows now (a normal daily candlestick range these days or less), but the VIX is still quite far from its highs
Is that positive or negative?
Posted by kevindeng0727 on 18th of May 2022 at 04:02 pm
Is that positive or negative?
Matt or Steve will probably
Posted by jtsurfah on 18th of May 2022 at 04:47 pm
Matt or Steve will probably discuss it tonight but I think Matt was describing a possible divergence which would potentially result in a positive move for SPX and a negative move for the VIX. Sounds like he was referring to a daily time frame.
Be careful out there. We
Posted by timebandit on 18th of May 2022 at 09:51 pm
Be careful out there. We are in bear conditions. Moves down are favored. Moves up are opportunities to short. Until the market's behavior tells you otherwise.
And so far...the big moves
Posted by fredsaid on 19th of May 2022 at 01:09 am
And so far...the big moves up last a grand total of 1 day !
To clarify my comments -
Posted by steve on 18th of May 2022 at 05:16 pm
To clarify my comments - I was simply referencing today's action on the VIX which was trending up all day - that didn't support the market bouncing today.
Means the VIX has been
Posted by steve on 18th of May 2022 at 03:49 pm
Means the VIX has been trending up all day - monitor