Markets are showing high volatility these days. The VIX index is a volatility measure of the S&P 500 options; mainly this index identifies the increase or decrease of buying options (calls and puts). When investors are worried, they start buying options to hedge their positions. If the VIX index goes up shows that investors are feeling higher risk in the S&P 500, and the 30-day expected move is higher.
During February 2020, the VIX was around 17, now we have it at 74.2, to give you some context during the 2008 financial crisis it went up to 50, this can be signaling that the current crisis is worst than the one on 2008.
Fortunately, as traders, we can work from home and make money when the markets go up or down. More than ever, using the Elliott Wave analysis is key to success in the markets and make money. Here is our weekly video with trade plans and commentary on some markets.
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