Oh boy... we're fundamentally a world away from Jan 31st, yet volatility ratio is the same?
Ratio is stuck exactly at the blue 15Y horizontal S/R and exactly in between that absolute sliver of space between that and the middle 15Y green downtrend line. Fcking remarkable. What an insane wedge we've found ourselves in here!
It's also been stuck here for about 2W after climbing down the previous 6M downward S/R.
Because this ratio is at such a strong S/R convergence point, it's unlikely SPX can climb much more unless VIX climbs with it. Any SPX pullback should give a decent pop on VIX in line with all other ideas.
Most interestingly though, this analysis also further confirms a volatility spike in early Sept as Ratio wedges between 6M downward red S/R and the 15Y S/R's.
The 15Y's have much more power here so when Ratio hits the next red line, we almost necessarily need to get a spike. I don't see how Ratio could hold under such strong S/R convergence given the fundamentals.
Ratio is stuck exactly at the blue 15Y horizontal S/R and exactly in between that absolute sliver of space between that and the middle 15Y green downtrend line. Fcking remarkable. What an insane wedge we've found ourselves in here!
It's also been stuck here for about 2W after climbing down the previous 6M downward S/R.
Because this ratio is at such a strong S/R convergence point, it's unlikely SPX can climb much more unless VIX climbs with it. Any SPX pullback should give a decent pop on VIX in line with all other ideas.
Most interestingly though, this analysis also further confirms a volatility spike in early Sept as Ratio wedges between 6M downward red S/R and the 15Y S/R's.
The 15Y's have much more power here so when Ratio hits the next red line, we almost necessarily need to get a spike. I don't see how Ratio could hold under such strong S/R convergence given the fundamentals.
Commentaire:
Just put out a zoomed in version and added some upward S/R as requested!
![[VIX/SPX] Volatility Ratio Microcosm Analysis: Rejected By S/R!](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
![[VIX/SPX] Volatility Ratio Microcosm Analysis: Rejected By S/R!](https://s3.tradingview.com/6/6pr5E67n_big.png)
Commentaire:
Created a VVIX/SPX ratio as well...
![[VVIX/SPX] Volatility Ratio Encore: New Perspectives = More $$$](https://s3.tradingview.com/b/BkKbzn82_big.png)
Data analyst with a passion for best fit lines B)
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