^VIX

VIX melting down, markets melting up.

Looking to be the first weekly VIX close below both the 200 DMA and 20 level since very early February 2020.
 
VIX unable to break above 30 this week and put in two lower highs. Long term, anything over 30 has turned out to be a good panic selling opportunity. Bull run still intact?
 
VIX is correlation with SPX (both up trend) since 6/28 to present, watch out for the market to start down trend SOON. I have open VIX 8/20 $20/$27 CALL spread for $1.05.
 
VIX only at 31 will go much higher if there is any kind of capitulation low ahead. Numbers above 40 are not so common and usually indicate some sort of turn, so you'll want to watch for that coupled with a few 3-5% down days when it won't make any sense at all to be a buyer.
 
Another VIX at 30 day.

Still no capitulation.

I’m thinking we will continue to see lower for a while longer- and then pretty much flat into the late summer months. Good luck.


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VIX peaked on May 24 and right now is at the lowest level since 2019. 2019 was a just a slow move higher every day.

Like 2019, this is also the third year of the presidential cycle.
 
Still below 20 which equals correction terrority, but with today's close at 17.89, market is still seeking a floor around 4,300.

From 8/16:

Key Takeaway: Today was only the third 1% daily swing in the S&P 500 in the past two months. But it was also the seventh day in a row with more new lows than new highs. After strength faded last week, the market is getting less quiet this week. For now, the absence of fear (e.g. VIX > 28.5) suggests the path of least resistance for stocks is lower. Bulls no doubt have drawn their lines in the sand and will be under pressure to defend them.

https://himountresearch.substack.com/p/market-getting-louder-as-strength
 
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