The vix weekly chart is very interesting right now. This is the inverse to the market. I have been seeing very large Call orders come through for the vix the last few days, which I think is very very interesting.
The vix weekly chart now has 3 black candles in a row. I went back on the chart and I could not see this formation for a year or so. So we are obviously seeing a fundamental shift take place in the market. The VIX and the vix weekly chart is a good representation of this.
The vix weekly chart needs to break the 15 level, or down below the 12.5 level before we see a bigger shift and market movements take place.
|vix weekly chart|
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