VIX SPIKE! Look at All Risk Indicators to Get the Full Picture!
According to the $Cboe Volatility Index(VIX)$ , the worst market events of our lives were the 2008 financial crisis, COVID, and the Bank of Japan raising interest rates by a quarter percentage point.
The $VIX spiked above 65 this week.This spike indicates market fear and uncertainty. However, it quickly settled back below 40. Look at all risk indicators to get the full picture!
After $Cboe Volatility Index(VIX)$ spike to 45+, then crosses below 30 like yesterday, has always proven a buying opportunity since 1990.
Can there be more downside before the uptrend is renewed; yes!
Nonetheless, you've ALWAYS been rewarded for buying this signal $S&P 500(.SPX)$ $Cboe Volatility Index(VIX)$ $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $ProShares Ultra VIX Short-Term Futures ETF(UVXY)$
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