I have no idea what is holding the VIX up today, it should move opposite the market and be at new lows, instead it's near the highs of the day and looks like it may give a buy signal (remember a VIX buy signal is a market sell signal).
This is the daily VIX, yesterday's close below the Bollinger bands sets up the first part of a VIX buy signal, a close in the VIX above the Bollinger bands where it is today is the second part of the VIX buy signal.
Even more strange is how the VIX has held up near its highs.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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