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PeakTrader.com Economics, Portfolio Optimization, and Technical Analysis
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arthur Guest
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Posted: Sun Sep 12, 2004 7:14 am Post subject: SPX to VIX Ratio |
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The SPX to VIX ratio (S&P 500 to S&P 500 Volatility Index ratio) shows consolidation since the S&P 500 topped in Jan 2004. The ratio will continue to rise over time, because SPX will continue to rise while VIX will continue to trade in a historical range. However, currently, it seems, the ratio is near a short-term top, since VIX is near the low point of its range, and previous 2004 highs of the ratio were followed by a fall in SPX and a rise in VIX. Therefore, with the ratio at 81.68, SPX may be near a short-term top. Also, the Oscillator (ULT) is at an extreme overbought level, and the Average True Range (ATR) is near a previous low (indicating there will be a greater move in the ratio soon). I posted a real time SPX to VIX ratio chart on page five of "Chart Room."
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