Here is a guaranteed play for you guys:
VIX
gap fill to the downside, suggesting a rally in the S&P 500 / Nasdaq 100 . . . I don't know how long the rally will last, but I would bet my life on the fact that this gap fills.
Stock gaps will generally fill 80% of the time, and then we will see prices reverse 80% of the time after the gap is filled.
It is not a matter of IF the gap will fill, only WHEN it will fill — the CBOE Volatility Index is an oscillating index, meaning that it does not trend like a regular stock — gaps on this ticker have a 100% chance of filling.
Go back & see for yourself if you don't believe me . . .
This lines up with the oversold conditions across the indices, but does not mean that I am a market bull - there are simply too many bearish factors weighing on the market & I still think that we will see the
VIX
hit $42ish sooner than later.
Remember that the ball bounces down the stairs & usually does not fall straight down from out the window.
VIX
gap fill to the downside, suggesting a rally in the S&P 500 / Nasdaq 100 . . . I don't know how long the rally will last, but I would bet my life on the fact that this gap fills. Stock gaps will generally fill 80% of the time, and then we will see prices reverse 80% of the time after the gap is filled.
It is not a matter of IF the gap will fill, only WHEN it will fill — the CBOE Volatility Index is an oscillating index, meaning that it does not trend like a regular stock — gaps on this ticker have a 100% chance of filling.
Go back & see for yourself if you don't believe me . . .
This lines up with the oversold conditions across the indices, but does not mean that I am a market bull - there are simply too many bearish factors weighing on the market & I still think that we will see the
VIX
hit $42ish sooner than later. Remember that the ball bounces down the stairs & usually does not fall straight down from out the window.
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