SCBOE SKEW INDEX
Long
Extremely low SKEW saying market is bottoming!
The SKEW has continued to go down reaching its historical lows of 2019. A low skew has virtually always been fairly strongly correlated with market bottoms. Many times the lows are put in before the SKEW bottoms. Although as it keeps going down the market can as well which has been occurring this year as since May the SKEW was certainly fairly low in the lower range but managed to go lower along with the general markets.
But now with matching the previous extreme low from 2019 the SKEW most likely has bottomed and we could be in for a very unexpected large rally.
But now with matching the previous extreme low from 2019 the SKEW most likely has bottomed and we could be in for a very unexpected large rally.
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