Stock Market

$VIX Chart, May 22nd

So… $VIX is coming alive.

I think it can at least make it to $39-40:

  • previously strong support, now resistance
  • 50% retracement since the start of the rally back in March
  • 110 EMA — it’s not as an arbitrary number as it seems, too lazy to pull up evidence at the moment

$VIX is “playable” via futures, options or [[VXX]].

Last time $VIX was at $40, $SPX was around 850.