VIX & SPX: Strange In-day Bedfellows

And chances are one of the bedfellows is going roll out of bed.

Last week we noted the coming gap fill in the VIX to close out the terror of Q1 2020. Here is the chart showing that mission accomplished.

vix

The 3 min. chart shows the April Fools dive bomb to fill the gap and today both VIX (red) and SPX (green) rising in tandem. That is a rare occurrence and somebody is on the wrong side of the bed.

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