Weekend Update: VIX Slams To New Low

Published 11/26/2017, 04:04 AM
Updated 07/09/2023, 06:31 AM

VIX Weekly Chart

VIX was slammed in the final hour of the day on Friday to a new all-time low. This leaves the VIX with a Megaphone (reversal) formation. The lager formation that gives an upside target is the Ending Diagonal which suggests a complete retracement of the decline from January 2016.

(Bloomberg) The Cboe Volatility Index touched an all-time low amid a flurry of trading at the close of Friday’s shortened session. Exchange officials advised not making too much of it.

The gauge of S&P 500 options prices, also known as VIX, briefly hit 8.56 at about 14 seconds after 1 p.m. New York time. It quickly bounced back and settled at 9.67.

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