The VVIX which is the VIX for VIX options is approaching its lows since the shut down.
Today, on the lows the VVIX almost touched below 110.
This is significant because the last time it got this cheap that was a market top.
However, this one does feel a touch different…
Why? Because the index appears to be getting there slowly….
The previous time it got down there it was on a mad dash lower as traders tried to ‘front run’ the VIX dropping lower.
This time the move lower has been steady.
This is because we may not see the market ‘off to the races.’
This may be a sign that whatever is about to happen, might not move the index’s as much as we think….
The VIX Light is Yellow..
Your Only Option,