When analyzing financial markets I always look at the big picture, that's what you do if you want to be consistent on making profits by trading.
The equity markets are undoubtly too high and it due for a big correction at least.
On the left you can see VIX has been forming a falling wedge just like what it did ahead the COVID crash back in March 2020.
Notice breakout happened simultaneously on both charts back in that time and it is expected to happen again IMHO.
###NOT FINANCIAL ADVICE###
The equity markets are undoubtly too high and it due for a big correction at least.
On the left you can see VIX has been forming a falling wedge just like what it did ahead the COVID crash back in March 2020.
Notice breakout happened simultaneously on both charts back in that time and it is expected to happen again IMHO.
###NOT FINANCIAL ADVICE###
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