[VVIX] No One is Prepared for the VVIX Spike.. Will Launch UVXY!
VVIX got caught on 6M downtrend S/R and has gone subterranean below Rock Bottom haha.
VVIX down, SPX up and UVXY holding steady is terrifying for markets and fckin gold for volatility traders.
The volatility markets are supposed to work roughly in tandem and when VVIX increases so will UVXY.
Given historical Price Action a move to 120 would be a piece of cake here (let alone the potential upside beyond that) and launch volatility markets like crazy.
As I've said repeatedly VVIX can not hold this low, it's VERY uncomfortable being below the falling wedge in these uncertain times and aching to snap back into a more comfortable range.
VVIX spike will likely coincide with SPX getting rejected by Downtrend Peak Channel...
![[SPX] BULLS BEWARE... Downtrend Peak Channel Will Fck Ur Sht Up!](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
Markets simply can't go much higher with VVIX this low already.
VVIX down, SPX up and UVXY holding steady is terrifying for markets and fckin gold for volatility traders.
The volatility markets are supposed to work roughly in tandem and when VVIX increases so will UVXY.
Given historical Price Action a move to 120 would be a piece of cake here (let alone the potential upside beyond that) and launch volatility markets like crazy.
As I've said repeatedly VVIX can not hold this low, it's VERY uncomfortable being below the falling wedge in these uncertain times and aching to snap back into a more comfortable range.
VVIX spike will likely coincide with SPX getting rejected by Downtrend Peak Channel...
![[SPX] BULLS BEWARE... Downtrend Peak Channel Will Fck Ur Sht Up!](https://s3.tradingview.com/v/VzJ9quSc_big.png)
Markets simply can't go much higher with VVIX this low already.
Data analyst with a passion for best fit lines B)
