Volatility on Steroids seems to like to touch the bottom yellow zone (and usually spend some time there) before launching upward for a big scary run --i.e. big drops in equities prices. Maybe in the Brave New World, a single touch is enough. I wouldn't go full tilt bear on this but I will grab the 10 gauge and load for black swan just in case one shows up.
I am with you Steveo. Big increase in volatility looks likely.
ReplyDeleteGreat charts as always.