In our prior VIX analysis from August of 2023 we stated the following…..
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- VIX is at the bottom of its trading range. No surprise there.
- The index will remain within confines of this bottom for a while and into 2024. Sorry Michael Burry, no crash.
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If you would recall, at that time we had all sorts of “market crash” calls and Michael Burry was famously betting that VIX would surge. At the end of the day our forecast was right on the money.
So much so that our prior forecast is still in effect. Well, we just updated it with slightly renewed dates, but otherwise the overall forecast remains in play. This is of particular importance if you are trying to figure out when, or I should say if, the overall market breakdowns.
I will give you a hint. You see that mid cycle top scheduled to arrive in relatively short order. Expect a spike higher there. If you would like to find out what VIX will do in both price and time going forward, please Click Here