Yesterday, we showed a one year chart of the VIX versus SPX.
It was apparent to someone watching both of these squiggly lines that a big scary spike in the VIX is a very good entry for traders on the long side fort he most part.
Here is the same chart comparison, only this time, we go back a full decade instead of 12 months.
VIX versus SPX, 10 Years
chart via Fusion IQ, Bloomberg
This is one of those technical analysis pieces which many people either ignore or do not understand . . .
My response to Felix will be posted at 10:00 am . . .