If you haven't noticed, VIX is heating up.
- Breakout level = 15.31
- Initial Target = 16.40
** If this makes a sustained break above 16.40 then the market is in trouble because VIX will pop to 22 minimum. This will likely occur by Mid-March 2024.
~ If we break 22, upper targets are 25,30, 63.
- Breakout level = 15.31
- Initial Target = 16.40
** If this makes a sustained break above 16.40 then the market is in trouble because VIX will pop to 22 minimum. This will likely occur by Mid-March 2024.
~ If we break 22, upper targets are 25,30, 63.
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Vicky heatin up
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If SPX breaks above 5039, which I'm expecting in the coming days, this becomes highly unlikely. But it will soon be time for this to explode - maybe end of Mar 2024 or early April... until then expect this to continue coiling like a spring in the 13-15 range.