$VIX - Chart Link - listen I know it's
easy to say this now in hindsight after the fact but it's something
I've pointed out before
the uncorrelation this time in my opinion was suggesting an
upside move, why?
As you know when the VIX becomes uncorrelated it occurs near a
market inflection big move typically. In my observation on
the chart, if price has been uptrending and you get the
uncorrelation, usually that would mark a high. If price had been
down trending recently, it usually marked a move higher - and
recently price had pulled back for a couple weeks - the reverse
move would have been up, not down. Yes, yesterday was up, but
overall still in that small downtrend move. You can look over the
chart - and there are plenty of times when that move is only 1 or a
couple days, and other times when it markets a trend
again, at the end of the day it was about the CPI and if it
hadn't come in where it had, price would not have had the move,
also these days everyone is hyper positioned for short term moves.
The big reason why the VIX spiked uncorrelated yesterday was
because of all the hedge buying ahead of the CPI
VIX unrelation comments
Posted by matt on 13th of Dec 2022 at 09:14 am
$VIX - Chart Link - listen I know it's easy to say this now in hindsight after the fact but it's something I've pointed out before
the uncorrelation this time in my opinion was suggesting an upside move, why?
As you know when the VIX becomes uncorrelated it occurs near a market inflection big move typically. In my observation on the chart, if price has been uptrending and you get the uncorrelation, usually that would mark a high. If price had been down trending recently, it usually marked a move higher - and recently price had pulled back for a couple weeks - the reverse move would have been up, not down. Yes, yesterday was up, but overall still in that small downtrend move. You can look over the chart - and there are plenty of times when that move is only 1 or a couple days, and other times when it markets a trend
again, at the end of the day it was about the CPI and if it hadn't come in where it had, price would not have had the move, also these days everyone is hyper positioned for short term moves. The big reason why the VIX spiked uncorrelated yesterday was because of all the hedge buying ahead of the CPI
Regarding $VIX, big gap down
Posted by timebandit on 13th of Dec 2022 at 09:26 am
Regarding $VIX, big gap down today will leave an island top, and Bollinger Bands were already flaring from the gap up.
UPDATE: Or not - just a big red candle