5. Â VIX Volatility Index – A little too quiet…Â
The CBOE VIX Volatility Index (INDEXCBOE:VIX) continues to test the lows. Â Signals from the futures curve (VIX vs VXV), rate of change (ROC) and Stochastics (STO) and position vs 200 day moving average all suggest a low point is in and the odds for a move higher are rising.
The weekly equity sentiment poll is also continuing to show a divergence vs the VIX, and this is the kind of divergence that will usually close at some point or other. Â Overall technical view: All signals point rising odds of a VIX spike.
Thanks for reading.
Twitter:Â Â @Callum_Thomas
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