Thursday, May 21, 2015

Friday VIX collapse finale

The lower Bollinger Band on the daily VIX is 11.55.  A volume-less, dead Friday before a holiday weekend provides an excellent opportunity to put a cherry on top of this thing.

Upper daily SPX Bollinger is at about 2140.

Have a nice weekend.

Detroit ... before ....




2 comments:

Christian Gustafson said...

UVXY has been riding its lower daily BB down for a week. Split-adjusted below $8 now ... ouch!

IMO VIX needs a capitulation move here, and the long weekend sets that up perfectly.

Reverend Nihilism said...

That VIX call is looking quite good here.