Ep199: VIX Spike Warning: Is The Market About To Break?
Summary
The host analyzes the distinction between a "nibble" and a true break in inside bar patterns, noting that the VIX jump to 16 signals a likely bearish continuation. He highlights that recent low breaks on the S&P and Dow have often been false moves, reinforcing a bearish bias despite potential intraday bullish reversals. The episode covers technical setups like descending channels and rejection wicks, while also briefly touching on gold, oil, and Bitcoin trends. Ultimately, the host advises traders to disengage and trust the data, as markets are grinding sideways with no significant new deve…
Topics discussed
Inside bar breaks vs. nibbles: defining the difference
VIX jump to 16 and expectations for a sell-off
Inside bars on S&P, Dow, and Russell indices
Typical pattern of low breaks and price reversals
Managing confirmation bias and planning for bullish breaks
Nasdaq engulfing bar and VIX correlation
Descending channel analysis and Friday rejection
Opening price levels and minor market grind
Gold, oil, and Bitcoin market updates
The importance of disengaging when no new data emerges
Promotion of income systems and website
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