Ep198: The VIX Goes Through 16, And The Whole Market Stops Participating

So what if the index is the last to know? Because the VIX has pretty much just smashed through 16, which is a level I've been watching for a while.

nudging 17, and the sentiment which we'll look at later is starting to change quite dramatically.

So the VIX has passed through 16 without really much fanfare.

Imagine that the talking heads are going to lose their mind some point today if they've not already.

But we could ultimately see that push up to this previous buy point around about the 20 level.

And if we do see that huge corrective movement that we've got potential for, then that could go beyond that.

We could see a genuine VIX spike and a stock market correction, which I've been pretty much calling for through most of August.

Prematurely, I appreciate that.

But September, October is the season for those bear moves.

Gold is also making that retracement move.

We saw that similar rally all the way through August.

Monumental upward move.

Prices just retracing to that between the 50-61%.

The lower one standard deviation line from the VWAP anchored to the breakout points in the beginning of August.

So this could be a great location to start thinking about the genuine bull movement.

you know, we could start to nudge up towards 5,000, which we were talking about at the beginning of the year.

It just didn't quite unfold here.

The thing with these types of, you know, forecasting and a little bit of prediction analysis on gold is we can be right.

It's just when we're right on those things.

So we just have to put ourselves through or sit through a little bit more of a deeper retracement consolidation of basing out before that push of 4,000.

Anyway, more on that as it develops.