The VIX daily confirmed the downtrend breakout on Thursday and had a follow up on Friday. You can see that stochastic 50 is the marker for a transition from risk on bullish (below 50) to risk off bearish (above 50). From. On Monday the VIX was above 50 and the MACD was crossed up. When I see this I call long VIX calls. On Friday the stochastic was above 80 which is getting a bit over done.
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