The Volatility Index (VIX), often referred to as Wall Street's 'fear gauge', has exhibited significant fluctuations throughout the week. Notably, the VIX reached a two-week low and is on track for its biggest weekly drop of the year. Despite these lows, there have been moments where the VIX showed signs of increasing, with intra-day patterns suggesting a potential rise, including a BD intra pattern. The index was observed near a resistance level of 17.2, indicating a possible shift in market sentiment.
Wall Street's 'fear gauge' on track for biggest weekly drop of the year. https://t.co/V9IORoUXkW
$VIX BD intra pattern https://t.co/zBtyZAUKC1
$VIX looks going higher intra
$VIX 2-week low https://t.co/w9kBRKharn
what's the story with the $VIX ? https://t.co/eDsrlseiRv
$VIX moving higher now https://t.co/qJsojAwynb
$VIX going red. Donβt @ me $vxx $uvxy $svxy
$VIX crushas inbound $vxx $uvxy
$VIX near R level 17.2