VIX is Looking Ripe

8 May 2020

For the bears, the VIX is cramming itself into the bottom of a bullish falling wedge which is part of a larger bear flag pattern. Strictly-speaking it has only been backtesting the perimeter of that flag, testing it for support, so it could pop at any moment.

If anyone asks you, why, dare say, are you not bullish given the enthusiasm the markets are demonstrating, your answer should be: "I am bullish. Bullish on the VIX."

Have a great weekend.

9 May 2020

Not

I said a larger bear flag above, but of course it's a bull flag.