Are we about to see a massive vix spike? $100?
I'm not sure what the cause will be here, but it looks like we're on the verge of a massive vix spike. I can imagine that the selloff will look like a combination between the 1987 1 day crash and the covid selloff.
I think we're about to see a 20%+ correction that happens very quickly which I think will lead to a massive spike in the Vix. Potentially the largest spike thus far.
In order for this move to play out, we'll need a close over 20, then the 28 level on the chart, and then I think it's possible that we see the upper resistance levels.
Let's see how it plays out over the coming weeks.