Everyone in their brother bottom feeding. Mkt makers having field day with btfd traders. They smell blood . Once the sell stops of retail dry up they will rip it higher temporarily to add salt.
I'm having some nice beginners luck with these vix eft's! Shorted it today at 19.76. Currently sitting at 18.39! I wonder how 'real' volatility traders decide whether it's gonna go up or down. I get the feeling they're looking at something entirely different to price charts / technical analysis etc. Maybe something to do with options info gives them a clue??
I don't trade the VIX but I use it. Today the put/call ratio printed 1.5 which is the highest level since mid August. To me that tells you that you are moving into overbought territory. Plus this is only the third time the VIX has printed 20 in the last year.