• 47 days Could Crypto Overtake Traditional Investment?
  • 52 days Americans Still Quitting Jobs At Record Pace
  • 54 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 57 days Is The Dollar Too Strong?
  • 57 days Big Tech Disappoints Investors on Earnings Calls
  • 58 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 60 days China Is Quietly Trying To Distance Itself From Russia
  • 60 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 64 days Crypto Investors Won Big In 2021
  • 64 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 65 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 67 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 68 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 71 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 72 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 72 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 74 days Are NFTs About To Take Over Gaming?
  • 75 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 78 days What’s Causing Inflation In The United States?
  • 79 days Intel Joins Russian Exodus as Chip Shortage Digs In
  1. Home
  2. Markets
  3. Other

Will There Be an Inverted Head and Shoulder Pattern on The VIX?

The current VIX chart is posted below.

Take a look at the VIX since the beginning of July. What you should notice is that the VIX had a low on July 20 and then its lowest low on August 9th., and then a low on August 19th.

What is a possible description for that action? Well, the VIX could be forming an inverted Head & Shoulder pattern which would have upside implications if the pattern completes. And since the VIX moves opposite to the stock market, Caution would be in order during the coming days.

VIX Daily Chart

 

Back to homepage

Leave a comment

Leave a comment