Comment: Doesn't mean anything

(See in situ)

Doesn't mean anything

VIX is just a volatility index, betting that the market will fluctuate quite a bit. If you want to make a bet that the market will drop, you'd put your money in something like TZA, where it goes up when the market goes down.

BTW, the market is at new highs, so it's due for a correction. My guess is from now to the next couple of weeks, so a bet in TZA would be a pretty good one. It's also a pincher pattern (see the white line at the bottom pinching against the green/red lines above it?)