Weekly S&P500 ChartStorm - 7 July 2024
This week: VIX and volatility in focus, technicals check, seasonality stats, longer-term volatility trends and leading indicators, earnings season, credit spreads...
Welcome to the latest Weekly S&P500 #ChartStorm!
Learnings and conclusions from this week’s charts:
After a brief consolidation stocks are breaking higher.
Implied volatility is low and falling.
Seasonality points to higher volatility from here.
Volatility levels undergo longer-term cycles.
There is both short-term + medium-term upside risk to VIX.
Overall, w…
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