Higher VIX May Cause A Deeper Correction In The SP500Feb 13, 2024

VIX is a market index that measures the implied volatility of the S&P 500 Index. When SP500 is selling-off, we are in risk-off sentiment and VIX is usually coming higher, which is right now in play after the US CPI inflation report that came higher than expected.

From Elliott wave perspective we see VIX coming higher out of wave B triangle pattern, which means that upside can be limited for wave C, but there’s still space up to 16 resistance area that can send SP500 into deeper correction before bulls show up again.

Higher VIX May Cause A Deeper Correction In The SP500 VIX Daily Chart
VIX Daily Chart

Become a premium member

Get daily Elliott Wave updates for some major Digital currencies, FIAT currency markets, major stock indexes, gold, silver, crude etc. or apply for unlimited access to the Elliot Wave educational videos.

US yields at resistance ahead of US CPI. Check our free chart HERE.


Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through a distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time. Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors.

The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.

Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.

By continuing to use the site, you agree to the use of cookies. Learn more.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.