VIX is built off S&P... and is at an interesting long term inflection point where it has acted as support and resistance in the past
Only issue is that there appears to be a gap on this move... which could be a breakaway gap
interesting though.. seeing I just went long the S&P for a short term rally, we'll see...
Market is acting on fear right now and the virus didn't really matter the last few weeks making new highs
Until of course traders realised the delays or impact to global supply chains ex China which could slow future sales due to manufacturing/ inventory issues..
Only issue is that there appears to be a gap on this move... which could be a breakaway gap
interesting though.. seeing I just went long the S&P for a short term rally, we'll see...
Market is acting on fear right now and the virus didn't really matter the last few weeks making new highs
Until of course traders realised the delays or impact to global supply chains ex China which could slow future sales due to manufacturing/ inventory issues..