"$VIX top panel, S&P 500 bottom panel? "$SPX

Tiger_Chart
2024-04-23

[Smart]Hello fellow investors,

I hope this message finds you well amidst the dynamic shifts in the market.

By Founder & CEO Ciovacco Capital Management.ImageBy Founder & CEO Ciovacco Capital Management.Image

As of the snapshot from Chris Ciovacco, the founder of Ciovacco Capital shared on X platform”$VIX top panel. S&P 500 bottom panel. $SPX”

The $Cboe Volatility Index(VIX)$, often referred to as the "fear index," is sitting at a level of 16.94.

The chart shows that whenever the $Cboe Volatility Index(VIX)$ primary MA moves, it will pull back, which happens to be a signal for the $S&P 500(.SPX)$ index to rebound.

Do you think that with the rebound in semiconductor stocks on Monday, do you think that the standard allocation will also rebound?

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