Hi folks!
Just a short take on the VIX:
During the last weeks, we have seen some volatility, but the VIX has barely moved (in VIX-scale, that is).
This is not a good sign for the market - as the market usually do the unexpected thing.
The Fear and Gread index is also neutral, so the market is not afraid at all of a further dump.
Every single period of volatility we have seen since the covid lows has had a bottom at a big and rapid VIX spike (25+),
so I really do not think we are done with this correction in the S&P500.
For the record, I do NOT close my VIX futures (through VIXY) today unless we go above 25 - I will close apx. half then (According to Kelly).
DYOR.
NFA.
I wish you all well :)
Just a short take on the VIX:
During the last weeks, we have seen some volatility, but the VIX has barely moved (in VIX-scale, that is).
This is not a good sign for the market - as the market usually do the unexpected thing.
The Fear and Gread index is also neutral, so the market is not afraid at all of a further dump.
Every single period of volatility we have seen since the covid lows has had a bottom at a big and rapid VIX spike (25+),
so I really do not think we are done with this correction in the S&P500.
For the record, I do NOT close my VIX futures (through VIXY) today unless we go above 25 - I will close apx. half then (According to Kelly).
DYOR.
NFA.
I wish you all well :)
