VIX on the verge on a momentous move?

2023年9月15日

The VIX has been accumulating in the blue rectangle for 4 months and I expect to see some reaction from the lows, coinciding with the arc.

VIX has been beaten hard recently and has been trading extremely low. Only the beginning of 2020 did we see lows similar to this.

This is not trading advice, just an idea.

Cheers, and good luck!

2023年9月15日

註釋

H&S on NL25. Similar set up to the one in Jan 22' where we saw a great correction.

2023年9月15日

註釋

DAX Index with a great H&S, within a H&S.

2023年9月15日

註釋

So is the EUR50 index too.

2023年9月15日

註釋

We've seen many H&S set ups in the past, only to be bear traps. However, with so many indexes aligned, alongside the VIX being at the lowest point in over 3 years, I can only be sceptical with the current bounce in the market.

IMO, we'll see a pretty huge correction, before making ATH again. Before we see a true market crash once rates begin to be cut.

2023年9月15日

註釋

Another thing to note is the bullish divergence of multiple time frames on VIX, as per below.

4hr -

Weekly -

2023年9月19日

交易進行

Moving as predicted by charting. H&S has now developed on the VIX as per below:

2023年9月19日

註釋

H&S is now also visible on the SPX -

2023年9月21日

註釋

Breakout of the H&S, expect the gap to be filled and structure retested before moving further up.

2023年9月22日

交易進行

Broke out of the H&S structure spectacularly and on the way to the diagonal trendline where I would expect a potential correction. However, if this is the big sell then we can expect this to smash through it.

2023年9月22日

註釋

NL25 has breached the H&S

2023年9月22日

註釋

DAX also has the smaller H&S in play and is approaching the larger one.

2023年9月25日

交易進行

It has now reached our diagonal trendline as well as the 200 daily EMA.

You would expect a slight correction around this area, but after looking at the indexes, it seems that they're all breaking down out of their patterns.

2023年10月25日

註釋

Expecting a substantial correction back down again.

Please see my latest SPX post.

2023年11月7日

交易進行

Going according to plan.

It has recently tested the arc again, from which I expect a reaction up, meaning that the stock markets should be going down.