Monday, August 11, 2014
Vix is dropping
Well, there goes all that fear:
Note the EMA used in the above chart is wholly arbitrary. Still, a Vix-gap-down and further rundown in the morning is a good thing, innit?
Can it move back into that 15-17 cluster quickly? Well, not without a big reversal today from where we are right now, methinks.
Can it drop much lower? Meh... we'll see what it does at the Bollinger mean. If it drops through that, then we'll see what happens at the SMA(50): there might be good reason to argue it's unjustified for VIX to be under 12.