VIX Evolving Channel 7/18/2020
This is the VIX channel at the 4 hour. If you've been trading the VIX for a while, the supports are evolving every 2-4 days. Like I said before, the VIX is NOT a normal index That's why there are few volatility traders out there.
Dashed green line is the current flag support zone for next week.
There is a bullish divergence developing between the VIX and the VVIX. Nothing too alarming... yet.
The VVIX is implying that volatility should be a bit higher while the VIX is going lower. That's usually a set up for a pop up in the ES, hang around in that area, then pullback.
P/C Ratio got a little higher which may be the reason why the VIX lowered. That's why the divergence is not too alarming yet.
If the VIX touches that flag support again, either 1) volatility has ended which is less likely or 2) is coiling up for another volatility run which is more likely. I say it's #2 because the VVIX (implied volatility) is not calming down below the 105-110 area.
That's what the data is telling me so far.
Dashed green line is the current flag support zone for next week.
There is a bullish divergence developing between the VIX and the VVIX. Nothing too alarming... yet.
The VVIX is implying that volatility should be a bit higher while the VIX is going lower. That's usually a set up for a pop up in the ES, hang around in that area, then pullback.
P/C Ratio got a little higher which may be the reason why the VIX lowered. That's why the divergence is not too alarming yet.
If the VIX touches that flag support again, either 1) volatility has ended which is less likely or 2) is coiling up for another volatility run which is more likely. I say it's #2 because the VVIX (implied volatility) is not calming down below the 105-110 area.
That's what the data is telling me so far.
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