here's my VIX chart KM, and you will note i cancelled the buy signal i had put in place, the very next day.
Why, if you look down you will see a light purple line that connect to 9/21. When we busted above the dark purple line we have entered a danger meaning we have chance to equally 9/21 or even spectacular VIX count. In no way do i say we will reach 155 nor even get close. But the VIX did hit 155 in 87, so a plus 60 is not at all impossible now.
stockcharts.com[w,a]daclyyay[df][pb20!b10!d20,2][vc60][iub14!la12,26,9!lp14,3,3][J4628072,Y]&listNum=1
Your NASI chart speaks for itself, going below minus 1200 quite possible.
If you are trying to guess a bottom for a short trade, go for it, i suppose. You have maybe a 55/45 in your favor.
here is my NASI chart with notations stockcharts.com[g,a]dallnyay[df][pa-250!a-750!b5!b8!b13!b50!f][vc60][ilb14!la12,26,9!lp14,3,3][J4628176,Y]&listNum=1 Max |
