Loading ...WEEKLY VIX CHART
This Weekly VIX chart highlights the consolidation of volatility that set up in late 2017 and late 2019. Pay special attention to how broadly the VIX spiked in early 2018. This spike happened because of the consolidation of volatility near lower extremes over the past 16+ months. Given the recent volatility throughout 2018 and 2019, a downside price move of a similar range would likely propel the VIX to levels above 40~45. Price would need to collapse below our expected range in order for VIX to spike above 50. A move of this nature would suggest a downside price move beyond 25% to 30% – pushing the SPY below $240.
Again, our research team believes this is an unconfirmed price pattern setup. We want you to be aware of what we are seeing in the chart and be prepared if it confirms in the future.
