Hello Traders!
The volatility of the sp500 and the price of the sp500 is in a very strong negative correlation, in the past 90+% of the time when the s&p made a new low and vix didn't made a new high that was the bottom and vice versa for the top. We also reached a key fib level. If we see more confirmation I'm confident taking risk off positions from this point.
Have a great day!
Vitez
The volatility of the sp500 and the price of the sp500 is in a very strong negative correlation, in the past 90+% of the time when the s&p made a new low and vix didn't made a new high that was the bottom and vice versa for the top. We also reached a key fib level. If we see more confirmation I'm confident taking risk off positions from this point.
Have a great day!
Vitez
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.