Hello everyone i noticed vix is trading below 20 this is the reason yesterday i tried to short gold and it went up. what are you planning to do with it?
It is an useless index. It doesn't matter whether it is high or low. But it is a very popular index used by the professional writers. Because there are day trading opportunities every single day. Just that sometimes there are more trading opportunities, & sometimes less. Gold futures - almost everyday, there are day trading opportunities to LONG AND SHORT it. Do note that Mr. Fear & Mr. Greed are good for trading. They provide trading opportunities.
please. You were posting so much good stuff until this. Vix has lots of information. And as a trading vehicle it has probably generated more wealth for traders on this site than even bitcoin.
In May / June 2024 GOLD made a new high while VIX was bottoming. There is a little inverse correlation between these two but not 100%
It is useless for you because you are a day trader. But for traders that trade for longer than a gambling session Vix is essential. If you use flashy price action, yeah then it is useless.
Trump drives crazy action both fear & greed due to his erratic style. In December 2017 I believe the VIX hit 8 & then came VIXmageddon in early February 2018 when it hit 50+. I remember because on r/WSB there people long the crazy ETF called XIV which was -2X VIX and lots of people got wiped out trying to pick up pennies in front of a steamroller. I guess they thought VIX couldn't rise > 50% in one day. They were wrong.
Goodbye fear and hello greed Everyone ran from the markets at spy 5000 now they are tripping over each other to buy it 6000.