SPX VIX One of the things of note about the market currently is
that the VIX has just begun to rally off the bottom area support
and stocks haven't fallen all that much yet from the most recent
rally to 4,100. The VIX has a long way to go to get truly extended
as it has in this wide trading range all year ($19-20 up to $34-35
or so) and the SPX would have a long way to go if it were going to
fall hard at some point be it this year or next year.
I'm still of the opinion that the probability is that the market
doesn't crash to new lows before year end, though it certainly is
not impossible..it would just be very rare without something else
major occuring. I think the answer is somewhere in between, meaning
it doesn't blast higher either.
Gaps below are 3,748 and 3,583 either way. First two gaps above
are now at 4,071.70 and 4,110.41.
SPX VIX One of the
Posted by fundamentalvalues on 6th of Dec 2022 at 01:07 pm
SPX VIX One of the things of note about the market currently is that the VIX has just begun to rally off the bottom area support and stocks haven't fallen all that much yet from the most recent rally to 4,100. The VIX has a long way to go to get truly extended as it has in this wide trading range all year ($19-20 up to $34-35 or so) and the SPX would have a long way to go if it were going to fall hard at some point be it this year or next year.
SPX: https://schrts.co/TEZVwGYS
VIX: https://schrts.co/urJkBypV
I'm still of the opinion that the probability is that the market doesn't crash to new lows before year end, though it certainly is not impossible..it would just be very rare without something else major occuring. I think the answer is somewhere in between, meaning it doesn't blast higher either.
Gaps below are 3,748 and 3,583 either way. First two gaps above are now at 4,071.70 and 4,110.41.
schrts.co
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