Double Bottom

94
The VIX showed signs of bottoming and wanting to head higher in December.

Right now, the VIX is signaling the market may have a rise in volatility with index losses as we exit 2022.
Things change though.

The VIX is a derivative of the S&P 500's options and not the index itself. The VIX is based on the out-of-the-money calls and puts of the S&P 500 30 days out. The options market provides insight into the market's expectations, thus allowing it to be a tool for where the S&P 500 is headed.

Will we have a Santa Claus rally?

Dunno

No recommendation

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