VIX in Uptrend, Watch 19.34 resistance support
VIX in Uptrend.
2020 and 2018 "flash crashes" did not exhibit prolonged volatility runups. They were volatility spikes. All major volatility spikes on VIX are followed by a downtrend with intermittent volatility spikes. This holds true the time period of listing.
Going back to '91, there are 3 instances of VIX in a prolonged uptrend. These are 1996-1999, 2007-2008, and now in 2022.
When the 19.34 resistance on VIX becomes support, it is typically followed by a long period of volatility and a bear market. 19.34 on VIX is clearly a critical resistance/support mark for major market events.
2020 and 2018 "flash crashes" did not exhibit prolonged volatility runups. They were volatility spikes. All major volatility spikes on VIX are followed by a downtrend with intermittent volatility spikes. This holds true the time period of listing.
Going back to '91, there are 3 instances of VIX in a prolonged uptrend. These are 1996-1999, 2007-2008, and now in 2022.
When the 19.34 resistance on VIX becomes support, it is typically followed by a long period of volatility and a bear market. 19.34 on VIX is clearly a critical resistance/support mark for major market events.