Interesting to note that VIX is now higher than the V2X.
Absolute levels are low, yes, but when VIX starts trading above the V2X, things have many times suddenly “changed”.
May to October was bull last year, with VIX trading below V2X. We then had the October sell off with VIX exploding relatively speaking. The recent bounce eventually took the VIX below the V2X….and here we are again, VIX above the V2X…
Chart: Used with permission from Bloomberg Finance L.P.
Trader Georgi Bozhidarov