Sep. 17 at 12:13 AM
$SPY It's finally a good time to present the VIX chart and the
$UVIX and
$SVIX equivalents to what I expect to be a volatility spike between 24-30 for a late September/October pullback or correction. For
$UVXY and
$SVXY you can extrapolate from this chart.
The chart below shows the ETF equivalents from VIX 22-30, with approximations of Spot VIX (VIX futures) by which the calculations are made.
The little prediction lines that carry through are the 'pessimistic' and delayed vol spike being pushed to October as the 'worst case' scenario for UVIX.
I originally created this for my reference, as to where I would start converting UVIX -> SVIX; but notice how contango for 4 months in a row has done some massive destruction to UVIX's profit potential on the VIX spike.
Sure the VIX could go higher than 30, especially after such levels of froth & complacency after the rally of the century; but I want to keep my expectations with the thought that this bull run isn't over until after the midterms.
