Engrbytrade™ futures trading data calculations show that on October 31, 2023 the VIX was in a position similar to where it was on October 30, 2018. This indicates stock markets will continue to move higher, as they did between October 30, 2018 and November 8, 2018, with an eight day trading rally. Based on this comparison, a brief rally is expected to continue until November 8, 2023 (+/- 1 trading day) before stock markets start to move lower.
Stock charts courtesy of StockCharts.com.
