The $VIX, It Seems to Me, Supports the Bullish Count

A quick look at the $VIX. I believe its behavior supports the bullish count. It is failing from a series of “fan lines,” having retested the orange one from beneath, before moving lower, and then retesting the purple one from beneath as well. And so far, it has not been able to recapture them. A second failure here would coincide with a strong upward movement in the S&P 500.

VIX

And I will back out a bit so that you can see the highs from which these fan lines have been generated (most of you have seen these before):

VIX


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.


Leave a Reply

Your email address will not be published. Required fields are marked *