VIX has remained relatively elevated since the first wave of covid-19 liquidations. While the S&P 500 has managed to reach new highs, the Vix is still well above its pre-covid lows.
I'm seeing a setup for a long, should we break key downtrend line and price resistance at approximately 38.3. Should it play out, the timeline would be within the next few weeks overlapping the US Presidential Election.
I'm seeing a setup for a long, should we break key downtrend line and price resistance at approximately 38.3. Should it play out, the timeline would be within the next few weeks overlapping the US Presidential Election.