CBOE Volatility Index (VIX) - 3rd January 2024 | @ 77 Days | + 10.96%
Last trade: + 36.62% | 'A' class signal detected in CBOE Volatility Index (VIX). Running at an average wavelength of 77 days over 14 iterations since February 2021. Currently peaking.
ΣL Cycle Summary
As stock markets in the US and worldwide surged in December, the VIX was subdued in the latest up leg of this excellent periodic component, around 77 days. We have seen, over recent days, some more volatile price action to the downside in stock indices and this is likely the move to the anticipated ~ 75 day component low early - mid Jan. Inverted to that wave is this component in the VIX, although the amplitude has been low, so far, as mentioned. Traders should be careful shorting here while the instrument is within the range of the peak specified below in the time frequency analysis.