VIX- Update! We are near the Top of the Market!
Here is the zoomed in view on an hourly chart of the VIX. We are soooooo close to the target! Tonight is an update of the previous charts posted on April 23, 2019 and Nov 12, 2019 about the interesting ratios that VIX has been repeating with smaller and smaller fractals.
Today the VIX dropped to a low of 11.7! Our target was 11.6! ... Thinking that was it for the market top, or 1 more try and then a quick reversal... we'll see.
If you are visiting for the first time, and wonder what this chart is about, please visit the previous posts under vix.
Start with the April 23, 2019 post, It explains the idea in detail and the thought process we had 7 months prior to this moment.
Then visit the Nov 12th, 2019 update to further the logic of this elusive market top.
For quick reference, here is the Nov 12 update.
We are long VIX and short the SPX market
Today the VIX dropped to a low of 11.7! Our target was 11.6! ... Thinking that was it for the market top, or 1 more try and then a quick reversal... we'll see.
If you are visiting for the first time, and wonder what this chart is about, please visit the previous posts under vix.
Start with the April 23, 2019 post, It explains the idea in detail and the thought process we had 7 months prior to this moment.
Then visit the Nov 12th, 2019 update to further the logic of this elusive market top.
For quick reference, here is the Nov 12 update.
We are long VIX and short the SPX market