This past week, right after the FED at 2pm, the VIX hit a new all time low, plunging under 9 to 8.84. The VIX swiftly moved back over 9, but the 'damage' was already done.
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Tag Archives: VIX
Friday Focus: Not Giving Up Just Yet
VIX Manipulation?
The VIX
The VIX was sporting that classic head and shoulder pattern. Let's face it, head and shoulder patterns on the $SPY haven't worked out so well over the last 8 years, but the VIX? Any bearish formation usually resolves as planned for the VIX. As such yesterdays recovery... would it follow through today? I posted this chart in the chat room:
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The VIX nears 10
The VIX dropped 25% yesterday. It was a nasty reversal, usually something we are accustomed to seeing right after a VIX spike. Oddly enough the VIX was performing out of the ordinary the last few weeks. The gains were holding. You could even make a case that the 'fear index' was consolidating!
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