VIX: Volatility Has Only Started to Rise

Don't be fooled by the balmy two days we've had this week. Volatility has only started to rise, and the chart is mirroring the Oct 2018 volatility rise preceding the correction of 2018 Q4. From the chart alone, it looks like we're only going to get about half the magnitude for the correction this turn around, so I only expect a price dip of 10% to 15% for this sell off. Some hopeful bulls are propping up the market, but I suspect short squeeze buying is helping, too. I'm anticipating the bottom dropping out of this one sometime between the rest of this month and June, and I anticipate very little change for the rest of Q2 unless a surprise trade deal comes through.

Comment:

Calming down. I'm not sure if next week is going to spike up again or if this is just a burp on the way to higher highs. A few more confirming candles would be nice, and we'll see them tomorrow and Monday.