So one very¬†weird¬†aspect to the market is how volatility continues to be muted as the market falls. In the homemade chart below you can see that not only is fear not climbing in the market we’re not even on the positive side of fear, relative to it’s 10 day moving average. One would expect it to be above that key moving average but it stubbornly remains in the negative territory.

The VIXY is in support range so it’s going to be interesting to see what’s going to happen to it should the market really start to crater. We’re nowhere near the amount of fear required to put in a significant bottom.

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Nasdaq Chart

Percentage Away the Vix is from it’s 10 day moving average

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