VIX target 50, in anticipation of macro correction in markets

VIX could potentially try to test the 50 retracement levels off the highs around 50, but first, we would like to see VIX come under 20, followed by a 3 wave structure to the upside. This analysis agrees with our overall thesis that a macro correction in the market is a possibility, and as a result, the VIX could get some bullish momentum.

Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you.

Copyright Rohan Karunaratne 2020