Two Updates, Downside is Coming (2 of 2): VIX
I don't have much to report on this, except to demonstrate that:
1) We may have a small bull flag forming on the daily.
2) A big tell that the last few days "rallies" are fake is that, while the S&P moved to higher highs, the VIX did not move to lower lows. If this were a rally with genuine conviction and confidence behind it, the VIX would fall to lower lows. When the markets do fall, I expect this to rise substantially.
1) We may have a small bull flag forming on the daily.
2) A big tell that the last few days "rallies" are fake is that, while the S&P moved to higher highs, the VIX did not move to lower lows. If this were a rally with genuine conviction and confidence behind it, the VIX would fall to lower lows. When the markets do fall, I expect this to rise substantially.