🎯 HISTORICAL EDGE - VIX helping the BULLS 🐂

👋 Hey team!

Today we see that the VIX 🌊 made a dramatic reversal after closing more than 10% below its 10D MA 👇
Why is this special? Because a few days ago we were above it by more than 10% 👆

We reviewed when has this happened in the past (since 1993 to be exact)🧪.
⬇️ ⬇️ ⬇️ RESULTS ⬇️ ⬇️ ⬇️
This type of event has occurred 40x since 1993 and we see strong historical edge 8️⃣ days later with a batting average of 77.5% to the upside! 📈

We also see that 90% of these times we have closed above the closing price of SPX on the day it occurred (31JAN in our case) at some point next week!